Its quite fascinating looking at the sales today. Sort of tells me there is an equal amount of sellers and buyers. I would be very surprised to see the SP pop up above 78c but not so surprised if the SP falls to 70c.
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Its quite fascinating looking at the sales today. Sort of tells me there is an equal amount of sellers and buyers. I would be very surprised to see the SP pop up above 78c but not so surprised if the SP falls to 70c.
Pleasing to see that the FY16 revenue increase forecasted for the USA and UK represents around 14% of total forecasted revenue.
a2mc seems to project reasonably conservative numbers, so my expectation is that some positive traction is already happening. If they are forecasting $38 mio then it would not surprise me if double that is achieved.
Here's a very informative new story from The Australian, which has recently been well ahead of other media in getting good info from a2MC CEO Geoff Babidge and from the Perich-Freedom group.
http://www.theaustralian.com.au/busi...-1227448659508
In it, Babidge confirms the cap raise is on hold, and makes some interesting comments about his hope that the good results reported today - which were due to come out about now anyway, regardless of the EIO, will satisfy Perich and Freedom, who had earlier indicated concerns about the company's performance.
This item was not paywalled when I picked it up, but The Australian sometimes sticks stories behind its paywall later, in which case i'll flick the text through on this thread.
Thanks NToo1 but story now behind paywall. Me v happy with today's announcements. I don't want this company to disappear. Much nicer if Deans become part of the capital raise. If the SP drifts back to low 60c I'll be buying up heaps, however I think it will hold firm at current levels until further moves/announcements are made.
Article in Stuff this morning. http://www.stuff.co.nz/life-style/we...-have-to-offer
Trading on the ASX has opened at 69 cents, up from yesterday's close of 66.5c.
Strong activity today on both ASX and NZX. Wonder who's buying...could be that FF and Deans buying to go over 20% and then make takeover offer in open market, seeing that board has rejected their earlier offer??
well up to 70+ c on the ASX in late trade. 1.5 million off market traded (SP) at lkate stage NZ. Closed 78c NZX. ATM share price is going in the right direction for current investors. Surprised no SSH notices haven't come through with the amount that has been bought in sold in the last few weeks. Time will tell.