On the road again and off that $2.20 rut now selling @ $2.30ish +, could be a reevaluation by some fish heads going on atm , if so we could be in for a retrace back to $3.00 + .
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Got the heebeegeebees with this one sometime ago and sold too quickly, missing out on some good rises. Brought in again and this time holding, sought of enjoying the roller coaster ride, I think the big companies take their time in the procurement process, but once they’ve chosen, they’re not going to jump ship. Eroad does what it says on the tin.
For background ERD was "floated " but not a float in real terms @ $3.00 in Aug 2015 and had a SPP @ $3.00 last year so the todays purchasers would be very pleased with their buying and imho ERD could " make it " if todays ann is an indication of the future potential, ERD needs to " build " on todays results as last years results were marginally profitable !
https://www.nzx.com/announcements/331738
Follow the insiders...in this case follow the CEO.
Another Director/Insider buying on market...
https://www.nzx.com/announcements/332437
Very pleasing quarterly sales ann, up 24% qr on qr but the best result is the 52% increase in the Nth American market, looks like penetration is being achieved now but the Aust market is static atm.
Things looking up ? TA s seems a bit better . Maybe start of a new rise ?
Inching into the $3 territory, its been long time between drinks.