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10-12-2018, 02:35 PM
#2791
Originally Posted by couta1
30k shares drops the price by 30c, trouble with an illiquid stock, Grahger not selling today though on the positive side.
Illiquid stocks can go up just as fast ...even faster sometimes ....eh Couts
”When investors are euphoric, they are incapable of recognising euphoria itself “
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10-12-2018, 02:37 PM
#2792
Member
Market volatility is hitting even the more stable companies. I'm in it for the long haul so not overly fussed with the recent few days performance.
At this rate on the 17th I may look into a pseudo DRP / top up.
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10-12-2018, 02:38 PM
#2793
Originally Posted by dreamcatcher
WISE................ oldtech & Beagle for your PAST vision and eliminating capital loss now your choice is only FUTURE company direction
I think somewhere in the low 40 cents per share this year for eps. Choose whatever PE you think is appropriate.
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
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10-12-2018, 02:49 PM
#2794
Originally Posted by winner69
Illiquid stocks can go up just as fast ...even faster sometimes ....eh Couts
Sure can, looks overdone to me now.
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10-12-2018, 02:55 PM
#2795
Grahger average buy price was $4.55. The ones they’ve sold average sell $5.37
The 3.32 million they still had Friday average is $4.27 (including sells)
Future?
Last edited by winner69; 10-12-2018 at 03:08 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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10-12-2018, 03:02 PM
#2796
Originally Posted by couta1
30k shares drops the price by 30c, trouble with an illiquid stock, Grahger not selling today though on the positive side.
Looking at the sell side, it looks like Grahger are still selling (There are a few large numbers in there). Time will tell as they still can sell 340k before their next SPH notice.
But, yes agreed in the fact that this being an illiquid stock isn't helping today.
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10-12-2018, 03:10 PM
#2797
I see Grahger ceased to be a shareholder in Lovisa a month or so ago
McGinty — Maybe the facts have changed about retail in Australia and they quitting the sector altogether
Who knows ....are they still in Specialty
”When investors are euphoric, they are incapable of recognising euphoria itself “
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10-12-2018, 03:16 PM
#2798
Originally Posted by winner69
I see Grahger ceased to be a shareholder in Lovisa a month or so ago
McGinty — Maybe the facts have changed about retail in Australia and they quitting the sector altogether
Who knows ....are they still in Specialty
Doesn't look like they are from this years SFH Annual Report
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10-12-2018, 03:32 PM
#2799
Originally Posted by Beagle
I think somewhere in the low 40 cents per share this year for eps. Choose whatever PE you think is appropriate.
So folks, suppose due to the temporarily lower currency, (now reverted back to the long term 68-73 cent range) they make 43 cps this year against 48 cps last year (normalised for sale of storm) What is the correct PE given they are still growing sales at circa 7% per annum, (normalised for sale of loss making storm brand) in this tougher retail environment, (which might last for a while or might not). Is a forward PE of about 12 fair (12 x 43 cps = $5.16) or are we a bit lower now given the overall negativism in the market. Maybe a PE of 11 = $4.73 ? is very good value even in this market considering they are still growing sales at a good rate in a very tough market unlike some companies. Selloff seems a little overdone but just like it was obviously overbought at $5.70 and went all the way to $6.30 maybe this still has legs to the downside even yet
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
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10-12-2018, 04:25 PM
#2800
Even though they said they will provide a further trading update at the Company’s Annual General Meeting I doubt they will much more to what we know already
We already have the sales growth to end of November and the challenging market bit so not much more to add is there unless they feel inclined to mention margins. Just have to wait until Feb before we really know what’s going on.
Announcements are generally pretty brief at the best of times and share price not important to the Board anyway.
A couple Directors getting their responses ready to answer the Shareholders Association calling them old fuddy duddys ...that’s quite funny
”When investors are euphoric, they are incapable of recognising euphoria itself “
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