Yeah that's really worked well for Veritas shareholders, they're absolutely "thrilled" with their share price !
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Yeah that's really worked well for Veritas shareholders, they're absolutely "thrilled" with their share price !
Not like you at all, Roger - you were way out on this one!
PS. Wonder if Chinese investors had been buying CVT (cheap at $10, cheaper at $8 and even cheaper at $6 as the sp keeps dropping) but have stopped as realization sinks in that 'cheap things are not good and good things are not cheap?'
Cash was getting a bit low re H1 accounts - esp after a negative H1 free cash outflow of $20m odd
Suppose selling the family silver will helpout for a while
Yeah mate I was almost as surprised as others by the size of the second downgrade, especially when all the factors mentioned in that one were already well known to the company at the time of the first one ! I smell a large dead rat festering somewhere in their accounting or stock system. Something smells really off... The actual numbers in due course might be even more interesting ! I suspect management and directors are a little relieved to have a new excuse to keep up their sleeve to help deflect future criticism. http://www.msn.com/en-nz/news/nation...cid=spartandhp
But, thank goodness, that investment into SEA is doing really well.......ooops
As Roger says, TECHNICALLY there should be solid support at ~ the $4 level, which acted as serious resistance on the way up, so lets see what happens when it gets to that level
Technically there could be support at that level Xerof but fundamentally with the stock still selling even at today's price on a PE of 25 based on last year's solid result, who knows how many years its going to take them to get back to last years profitability ????? and even then if one ascribes a traditional PE for the agricultural sector of 10 we could still be a very long way off the bottom. Management have it all ahead of them to restore their credibility, A LOT of work to do.
Yes TA basis only, edited my post, and I agree with the rest of your post Roger.
Apparently, a Moose and Myrtle have allegedly been found to be as far south as the Manawatu Gorge. Not reported by the media yet - could be bigfoot though
1.5% of shareholders hold 89% of the shares Balance, so liquidity is intensely problematic. If one green bottle......