Any idea how much $ FNZC has in this? If they loose the faith then it could be all over..
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Any idea how much $ FNZC has in this? If they loose the faith then it could be all over..
When to buy and When to Sell. Forget about hindsight. Lets get some forward thinking here. Are we working on luck , gambling. Propensity is the catchword. I would say this is a dog share. Any buy is tempered with the thought that "exuberance is an investment attitude" Or "Lets buy and see where it goes, I dont want to make money, I just want to be there to buy and sell. Thats what excites me, if I make a profit good, if I make a loss, its exciting anyway. OR do you want to be an intelligent investor. There are a few shares on the NZ market, Just which ones do I get involved in. Is there a propensity to go down or is there a propensity to go up.
PEB, has no propensity to go up, but probably dow based on past experience. You are grasping at straws if you feel this is just going to bound out of the park. From what I have read a lot of traders on this site, should really make up their minds whether they are gambling or investing, or hoping for the best. Get intelligent. Remove all prejudices, feelings, and sit back and make a decision. Do I need this risk, or lets just wait for a better indicatiuon of where the informed market is going.
Well for those out there who know that risk management is THE MOST IMPORTANT aspect of investing or trading, it doesn't matter how a dollar is made. With respect to PEB, at this point I have no emotional attachment to whether it goes up or down, I will just trade with whatever the market is telling me.
BTW a director bought 500,000 shares today. What do we make of this?
Had a brief look at the accounts. They have a contingent asset of $7.2 million for tests done where they expect to be paid at some stage (mainly slow insurance payers). This is up over $2 million in the last year, so payment progress is glacial. If they do get paid when(if) LCD is made that's another $10m (if half is paid). It's possible they will muddle through without another issue if LCD is soon (it has been imminent (iterative process etc) for several reports now)
Well, this time it's different....: https://www.nzx.com/announcements/335313
500,000 @ $100k bought on the market for one of the directors....