$400mln for 4m would be looked upon very favourably by the market. What gets more exciting would be any capital management initiative especially if its share buy back.
Some very cheap Synlait shares on market. They paid $10.90 per share for the last tranche.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
For a forward pe consensus of 28.57 at the current sp, do you think $400M profit is low? if in that case would it affect the share price?... its already jittery of late...love your thoughts
Problem with your $400m profit is that it would need revenues to be $1.9 billion and even bulls like Steve and allfrom are not expecting that.
Say $1.4 billion revenues (+51%) and you’d expect profit of $300m
So today on a forward PE of about 25 today ....seems pretty reasonable
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Wow... look at the amount of shorting yesterday... I suppose the shorters are more confident and looking at a flat ending today... its going to be nervous three days for all holders...the shorting percentage was a staggering 112.86%
Wow... look at the amount of shorting yesterday... I suppose the shorters are more confident and looking at a flat ending today... its going to be nervous three days for all holders...the shorting percentage was a staggering 112.86%
Wow... look at the amount of shorting yesterday... I suppose the shorters are more confident and looking at a flat ending today... its going to be nervous three days for all holders...the shorting percentage was a staggering 112.86%
very interesting
it looks as though at about a 7% level of aggregate shorts the brakes come off the upward movement of the price. currently at about 6%. hmmm
The daily short percentage data is total shorting activity which includes covering. Best to keep an eye on the chart for actual shorted shares which is delayed by 4 days.
My hunch is a lot of the closing volume yesterday was covering but who knows..
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