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16-11-2018, 09:47 AM
#221
Kinda mea culpa depressing.Looks like we are in the wrong sector(retail) at the wrong time, but it felt right there for a while.Sentiment the current drag? Shoulda coulda woulda taken profits.
But no downgrade and no forecast either. New broom on board, active customers over 1,000,000 for the first time, retailers up 8% to 46,000. Receivables up 10%.
New lease product LISA retiring Flexirent with lots of impairment etc.
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16-11-2018, 09:53 AM
#222
I don't know what to think of the AGM... it wasn't rock solid, nor was it a hopeless case... lucky the share price has already priced in a hopeless case, but will likely over-react further today. What is most annoying is how someone(s) must have found out the AGM wasn't going to be to flash as how else would the share price fall 35% in a few months... it seems transparency is starting to become a very big issue with FXL.
Truly crazy stuff.
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16-11-2018, 10:10 AM
#223
Originally Posted by trader_jackson
I don't know what to think of the AGM... it wasn't rock solid, nor was it a hopeless case... lucky the share price has already priced in a hopeless case, but will likely over-react further today. What is most annoying is how someone(s) must have found out the AGM wasn't going to be to flash as how else would the share price fall 35% in a few months... it seems transparency is starting to become a very big issue with FXL.
Truly crazy stuff.
Your expectations are far too high tj ...will lead to further disappointment I fear
Liked the baseball cap on Slide 7 ...quite cool
And what does this mean “In line with new accounting standards, from 1 July 2018 we have increased our provision for doubtful debts as the credit provision policy moves from one based on incurred loss to one based on expected loss.”. Probably won’t put it through the P&L so will be lost in the big picture.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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16-11-2018, 12:39 PM
#224
At this rate FXL = HGH on the ASX
Wow
”When investors are euphoric, they are incapable of recognising euphoria itself “
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16-11-2018, 02:25 PM
#225
Dang that was a bounce. They've reconfirmed guidance and it runs form $1.34 to $1.55. Where to now...
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16-11-2018, 02:29 PM
#226
Up 20% in a matter of seconds... Me oh my! Like seriously, this is truly crazy!
Last edited by trader_jackson; 16-11-2018 at 02:33 PM.
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16-11-2018, 02:32 PM
#227
And then a sudden reversal atm back up to $1.605. Brokers come out with a buy?
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16-11-2018, 02:35 PM
#228
Originally Posted by Joshuatree
And then a sudden reversal atm back up to $1.605. Brokers come out with a buy?
Morningstar did... but usually when they say buy it means sell.... amazing how quick the market is to punish, and what a subsequent 100 word announcement can... so much for no news is good news... it would seems good news is ok news and no news is terrible news with FXL
Last edited by trader_jackson; 16-11-2018 at 02:36 PM.
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16-11-2018, 02:36 PM
#229
Originally Posted by trader_jackson
Up 20% in a matter of seconds... Me oh my! Like seriously, this is truly crazy!
I'm seriously miffed at that timing. Was halfway through a buy order when the halt came on!
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16-11-2018, 02:54 PM
#230
Amateurish company eh tj .....and you have faith in them
Might get the daytraders interested and pumped like hell on hotcopper ....2 bucks plus next week
”When investors are euphoric, they are incapable of recognising euphoria itself “
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