[QUOTE=Lizard;374186]In my view, the spp was still dilutionary to valuation - although my valuation only fell 1cps to around 31cps.
No dilution.Share Purchase Plan cancelled.
Printable View
[QUOTE=Lizard;374186]In my view, the spp was still dilutionary to valuation - although my valuation only fell 1cps to around 31cps.
No dilution.Share Purchase Plan cancelled.
Anyone still in this? Big hit today, saw one of the Hoopers buying on market last week- not large value however. No news of acquisition yet, general market sentiment not good I guess and the market probably factoring in the lower EBIT for FY12?
4be
Hopefully management provide some guidance shortly along with an update on their acquisition hunt. Technically the price has broken both trend lines on my chart and is under the 200 day moving average.
http://afr.com/p/technology/it_swim_...LRH9Oid4M#none
Good point in this article re management being able to implement the acquisition successfully.
I still hold remainder after selling half earlier. No particular reason to hold at this time, but helps me keep it on watch as I figure there is a reasonable chance of it becoming a buy again in 6-9 months time.
Market update out today reported a small loss in 1st quarter, but lots of optimism based on increased value and volume of quoting activity... so probably buying opportunity still coming. Currently 16cps, but may well go lower.
Anybody still following or holding?