Should be a strong open tomorrow. Closed in Australia at $A11.76 = $NZ12.90.
ATM closed $NZ12.55 based on interbank exchange rate of 0.9119.
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Should be a strong open tomorrow. Closed in Australia at $A11.76 = $NZ12.90.
ATM closed $NZ12.55 based on interbank exchange rate of 0.9119.
Sold some THL today to buy more SML at $12.50. Which ws the going price Well that didnt go through , so very unhappy about that, especially if you,re right Beagle.. :-(
Wonder how much the NZX lost in revenue because of the system crash?
Spooky eh possums how this and ATM keep tracking each others share prices.
Interesting arbitrage for this one though, closed in Aussie yesterday on good volume at $12.90 Kiwi ($A11.76 @ 0.9119).
On today's cross rate its $12.87 Kiwi.
I have observed a pattern lately that this is weaker in the mornings and kicks on in the afternoon as the Australian and Asian markets open...just saying.
Holy smoke, full house.... $13 now and that's lunch time for me....
Thanks mate. Its easy to get carried away with one's own assessment of their stock picking abilities at times like this so I am trying to keep my paws firmly on the ground and assume I fluked it rather than good judgement. It does seem like quite an extraordinary move, $10.30 to $13.03 in just two weeks, up 26%. Makes me wonder if this stock is possibly in play as a takeover target ?
Is it expensive at this level is another question I asked myself last evening ?. Trades on a FY19 PE of ~ 25 at $13.00 based on average analysts forecasts but those forecasts could easily change quite significantly when the company reports on 19 Sept. Even if they don't is 25 expensive for a company with such a clear pathway to strong future growth when the market average PE is close to that level ? I'm not interested in selling that's for sure !