https://nzx.com/companies/ATM/announcements/268705
Milford it was, however their holdings reduced by 8Mln of which 4Mln was transacted y'day.
Wonder who sold the other 5Mln (of 13Mln y'day).
Most importantly who the buyer is...
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https://nzx.com/companies/ATM/announcements/268705
Milford it was, however their holdings reduced by 8Mln of which 4Mln was transacted y'day.
Wonder who sold the other 5Mln (of 13Mln y'day).
Most importantly who the buyer is...
See Weed tops up again.:)
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A lot for holders to like in this report and 2016 looking v promising. I particularly liked this bit; "the Company is forecasting strong growth in both revenue and operating earnings in FY16. Group revenue is forecast to increase to $267 million in FY16 (a 72% increase over the pcp) and Group operating EBITDA to $12 million (a ~150% increase over the pcp before non-recurring items)."
Could be a wild ride to 65 today. No buyers atm
Confused, why would there be such a decline in SP over this announcement?
They made a loss, how are they going to fund growth? Just a matter of time till capital raise which will need discount.
Some nervous sellers I reckon....good buying opportunity if you're a long term holder.
Market knew about the numbers so it was no surprise, what made it bad is the loss since it was expected them to breakeven and the imminent capital raising thats required given they are losing money. Theres not much in the way of takeover news, so we will likely head down back to pre takeover point unless something else comes up.
"Significant growth in operating EBITDA forecast for FY16; first two months trading resultsignificantly ahead of both pcp and forecast" based on that for ANZ might exceed $267mil next year
Its work in progress with growing pains;too early to be investment grade.Sold a 2nd third of my shares @ 79c.Long term heres hoping the potential is met.