Honestly TJ not a bad report at all and operating profit guidance is decent but Jesus it’s like it takes one 5000$ sell to make the price move down 10 percent
.... And after high (for AFT) volume of 52k shares, and a VWAP of $4.89, AFT is back down to the open price. Not ideal the NZX 50 itself is down, but still - I'm surprised.
After today's impressive result, with good guidance, it is hard not to be tempted in the mid $4's (as mentioned previously)
The announcements are fine, the valuation and share issues are deviating any real price action and making this a horrible stock. Who wants to buy with such horrible liquidity? You can't buy large parcels and not expect to sell with heavy dilution. Will just need to wait till an institution pumps it or more shares are floated
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