Looking for a bounce, Way oversold in my eyes.
I hear the Green Taliban are in paroxysms of delight
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Looking for a bounce, Way oversold in my eyes.
I hear the Green Taliban are in paroxysms of delight
I'm anticipating a higher low today (somewhere around 8c?) and then a lift tomorrow through a higher high, with a target of 10cps either tomorrow or early next week for a partial sale.
You Croesus?
If I'm wrong, I have a cheeky bid sitting close to 7c to pick up another parcel. If that's hit, I'm even more confident of a decent bounce-back...and quick profit (God-willing).
BC
Bobcat... depends on the AU open in 15 minutes, but I would sell at 9.9c or so...
I smidgen of good news will see 14c my pick !
Risk/Reward looking OK on BRL. Bought today between 7.2 and 7.7c. May not have caught the bottom but seldom do. However, somewhere around 7-8c could have some reasonable upside over time ( and it may take a bit of that) and decimals of a cent wont have much meaning if it heads in the direction of previous levels eventually.
Current cash should last a while if they cut the burn rate as they are setting out to do.
Disc. Now hold so I'm biased
Just looked into the depth - and for the first time over the last days there seem to be more bidders (>1,5 M shares sought) than sellers (roughly 900k shares for sell). Tipping point?
Discl: hold some and bought some more for my "high risk" portfolio.
Trading at 7.3c in Aussie but 8c in NZ.
mid rate 0.932 makes 7.3c AUD = 7.8c NZD.
Therefore, unless you expect the NZD/AUD to climb fast, buy on the asx (where there's normally more liquidity).
Looks like 8c .. will get walloped in 15 minutes...buyers building
We saw a higher low yesterday on both the nzx and asx. Looking today for a higher high to confirm the bounce...i.e. >7.8 on asx.
Discl: now holding.
Surprise! Call me naive, but the last thing I expected from a company who's share price just broke down is to report a half year profit:
https://www.nzx.com/companies/BRL/announcements/247753
Net profit before income tax 8,103
Income tax benefit 217
Profit for the half year after tax 8,320
Admittedly -they only made a profit because of (unrealised) foreign exchange gains, but still - maybe the SP reacted a bit strong on the delayed production start last week. Looking forward to friendlier times ...
discl: holding