Interesting viewpoint Sylvester - from your post — But I'm fairly unhappy with the tone of this particular result - there's a lot of arrogance creeping into the language, and that always makes me nervous
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Interesting viewpoint Sylvester - from your post — But I'm fairly unhappy with the tone of this particular result - there's a lot of arrogance creeping into the language, and that always makes me nervous
QUOTE=winner69;727148]Interesting viewpoint Sylvester - from your post — But I'm fairly unhappy with the tone of this particular result - there's a lot of arrogance creeping into the language, and that always makes me nervous[/QUOTE]
Only my view of course. Its a marked change in tone from previous public announcements. Not quite at the 'Scott Bradley' level (see PLX), but certainly an element of FBU :-)! Essentially, "Trust us, we're investing the profit from the good business into a technology punt".
Note that I hold (its varied between my largest to 3rd largest over the last year) and continue to do so. I've simply re-rated the risk associated with it, and am on the hunt for for a pure tourism stock (preferably multinational) to add into my portfolio.
current p/e today only 11.3
Time for me to get the Blood Mop out for this one.Lol.
TA - I wouldn't be in a hurry mate. Bring up the chart for the last 6 months and have a really good look. From a TA perspective, clear head and shoulders and now the SP is breaking the neckline. Most likely it appears to be headed lower.
FA Fundamentally the company has confirmed lower profits for FY19. There is no clear indication from the company at this stage when th2 might add to profits...this could be quite some time before the company derives some benefit from their investment in this area.
Sentiment - The market has had more than sufficient time to digest the annual result and outlook commentary and is quite clearly underwhelmed.
Hmm looks like a low volume retail fish sell down to me.PS-Starting to look oversold on all indicators at these levels.
up until the last few days that was correct
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