http://www.nzherald.co.nz/business/n...ectid=11700416 Looking back at what was said and the situation now faced... http://www.nzherald.co.nz/business/n...ectid=11787248 what a fiasco !
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http://www.nzherald.co.nz/business/n...ectid=11700416 Looking back at what was said and the situation now faced... http://www.nzherald.co.nz/business/n...ectid=11787248 what a fiasco !
In that NZ Herald article - In May last year, Comvita co-founder Alan Bougen sold down his stake in Comvita for just over $12m. Bougen's trust - Flaxmill - said it had sold down its stake in the company to just over 5 per cent from 7.6 per cent at $12.06 a share.
Must have had a long range weather forecast.
Maybe regretting not selling the other 5% but is still collecting his directors fees
That Luke Bunt seems to bring ill fortune to what he is involved in of late - pumpkin patch and now this.
http://seekingalpha.com/article/4037...tri-healthcare
A bullish view (before today's downgrade) - if $7.80 represented good entry level due to price correction, $6.50 today must be even better?
Real impact of today's downgrade will be seen tomorrow - will the Chinese shareholders see this as an opportunity to top up or will they stand aside. Institutions will most certainly be watching closely.
See post above titled "Sold Immediately" on 26 October 2016. I had previously sold half at around $11 when it tripped down through the 100 day MA and got the rest away at just over $10.
Very happy to be out of this and I am planning on staying out until at the very earliest the real result is revealed for the FY17 year in late August. If they go under $3 before then I would reconsider my position. If I was still holding now, I would definitely sell at $6.50, if that's the implied question you're asking me ?
Good on you Roger.
I have learnt the hard way from years past that profit warnings do come in two's and three's. In this case probably more so as the CEO seems clueless as to how much the China market really means to the company's sales and profits.
In the book 'Naked Trader', one of the biggest mistakes made by traders and investors is ignoring profit warnings. A profit warning means a company is in some kind of trouble or is having problems. Why take the risk just because the sp looks cheaper than what it was before?