Market more competitive than most thought ...just saying
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It's really simple, yesterday's release was mainly in preparation for the investor days, old labels caused guidance to be less than many hoped for, upward trajectory mode activated.
That's a cheap shot. Growth companies are not exactly in over abundance on the NZX and CBL blind-sided a lot of people.
The record is Harbour have been right with ATM and Devon have been badly wrong. As a long time major shareholder in ATM I would think their analyst has Geoff Babbiage's number on his speed dial and the latter always happy to take the call. I for one am more than happy to take Harbour's analyst's explanation of repackaging at face value and I think the company is on track for 40 cps in earnings in FY19. That's puts ATM on a FY19 PE of just 28 at $11.30. If you can kindly direct me to another NZX stock that's growing faster on a similar PE I am all ears Attachment 9674
P.S. Beagle's far more attractive than basset's.
Both ATM & BAL price drop had nothing to do with performance just a couple of funds accumulating and wanting a bigger profit. In BAL case a simple look at the ssh notices will tell you the answer................. On HotCopper they are laughing their heads off at the huge bonus granted yesterday for both stocks.
IMO
Sure are and ive had some great wins from those quality posters on H/C, and made friends with a few too.