Couta1-then what is the fair value of this stock? it has reported just "under" a few million as per the "expectations" and to me it is still a fantastic NZ story...and also joining the MSCI .
I just cant understand the panic.
Disc:Sold out at 8.37 and regretting
You might be able to buy them back at $8.37 carrom
Good for this to happen... imagine if they hadn't provided an update and just announced this stuff 'on the day'? Would be looking at larger than 20% drop I would think. At the end of the day, this is healthy to happen and keeps everybody with their feet on the ground.
There again there may be a more mature approach to today's announcement.
I wouldn't hold my breath. This seems to be the type of stock where reactions (both positive and negative) tend to be less than mature. I think you just have to expect it.
Gross margin percentage for the full year is expected to remain broadly consistent with 1H18, given the benefit of throughput efficiencies and currency movements.
So margin are really falling but it has been masked by cost cutting and a favourable exchange rate
So in hindsight going from $9 odd to $14 plus in such a short time was just plain stupid or whatever word you want to use
That’s the market for you eh
There were people saying that the PE was getting silly - and others saying it was a long game and heaps of growth etc.
Seemed to me, as I read this along the way, that there was a lot of 'seeing what you wanted to see' in everything that came out here.
It gave ATM holders a small thrill, however for any real thrill we need a trading update. I guess what MSCI means in the short term (always dangerous to use the word short!).... is less volatility.....but we will see. In the meantime we wait patiently.
Bolli bands looking encouraging for ATM so just a matter of time.
Well done SML and THL holders !
Bolli bands looking different now
”When investors are euphoric, they are incapable of recognising euphoria itself “
Noone seems to have mentioned yet, first half revenue of 434.7 projects with 0 further growth to 652 over 9 months. We actually got 660 so suggests a 4% increase in revenue last 3 months Vs first 6 months. How big an impact did those Chinese holiday sales have? I still hold but well in the money from my last purchase. New markets might take a while to ramp up significantly.
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