Nice, steady uplift
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Nice, steady uplift
Taking some profit after 22% lift in SP this last month, so sold down ~5% of my holding.
SP has been falling after each quarterly announcement for the last couple of years.
This one may be different with a solid profit result likely.
Clearly one or more big buyers algo-trading, 14 trades to buy just 4000 shares from me.
Yeah I considered this but I wonder if some of that drop has already been realised over the last 3 months? PPH approach the latest results with a uniquely subdued recent SP history, so I think if there is a fall (not a sure thing) then it will be pretty modest, unless the results are terrible which I dont believe they will be. So I think there are very few other shares with more positive prospects, so Ill sit this one in I think.
50 MAseems to be nearing or crossing over and SP over the 200. So there does seem to be a bit of positive sentiment . Might be time to buy back in ?.
I did buy in with my oz left over fund when it pulled back. next week report will be good...first profit..not loss...so it will be different
Great result...great outlook
https://www.directbroking.co.nz/Dire...spx?id=5027749
Big management changes with change of CEO and some Board changes. Setting up for the next stage !
Slightly confused by their earnings statement. On page 40 of their annual report they claim:
Revenue 98.4m (US$);
Deduct from that third party direct cost (basically the money they pay to the credit card company) of US$ 37.9m leaves US$ 60.5m;
Deduct from that their operating expense of 62.5m leaves a loss of US$ 2 million;
Accountants found some foreign exchange gains (US$ 0.6m) - add them and we still have a loss of US$ 1.4m.
And now comes the magic: Somebody found an income tax benefit of US$20.2m. Just wondering whether IRD really transferred this money to them, but can't find it in the cash flow.
Hmm.
Are they really declaring a potential tax savings in future years (if things go well) as a net profit? I am not an accountant, but wondering whether this is standard accounting practise or just very creative accounting?
Attachment 10526
Smells a bit fishy, doesn't it?