Well, it well might be just normal SP jitter - so far it just went slightly under the MA30 of this uptrend as it did before without harm ...
On the other hand - the recent rise looks somewhat unsustainable and this well might be the start of a healthy retraction : - SP just looks a bit top heavy -
and just for the pessimists under us - this could well be an emerging head and shoulders scenario with a bit rugged head just shaping up ...
Just take your pick - I am sure one of them will be right ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
19/4/2021, 8:30 am MKTUPDTE
Stronger than expected Q3 sales and earnings has caused Skellerup to increase its forecast full year FY21 net profit after tax (NPAT) to a range of $37 to $39 million. This compares to FY20 NPAT of $29.1 million.
CEO David Mair said all businesses have continued to perform well.
Another positive announcement from a company that has consistently delivered for shareholders.
I note the word of caution on the potential for international shipping delays to affect SKL's business. They've done well to deal with it so far but it is a caveat over future results.
Disclosure: happy holder since 2016
Last edited by traineeinvestor; 19-04-2021 at 11:51 AM.
Reason: More detailed disclosure
Another positive announcement from a company that has consistently delivered for shareholders.
I note the word of caution on the potential for international shipping delays to affect SKL's business. They've done well to deal with it so far but it is a caveat over future results.
Disclosure: happy holder
Another positive announcement from a company that has recently consistently delivered for shareholders.
I added the recently for you
But no worries about the past - the future brighter than ever
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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