Might be just another buying opportunity knocking ?
An opportunistic last trade? - VWAP was higher ... and it looks like today might start higher as well.
Markets (particularly the NZX) can be so unbelievable slow ... many investors still wait for their brokers to process the announcements and to receive an updated recommendation by snail mail. Don't forget as well that NZ Post is these days somewhat impaired, i.e. it might take days or even weeks for everybody to receive the update.
Anyway - amazing volume for KMD ... and still holding at MA200 ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
From 7 December 2022 to 14 February 2023, ACC had the following aggregated on-market
transactions in KMD Brands Ltd:
• Sales of 936,942 shares for consideration of NZD $1,049,375.04
• Purchases of 344,070 shares for consideration of NZD $357,216.80
Bit of a worry indeed with the result due this week.
Having said this, I also saw this decline wuh Fonterra shares prior to their announcement and they have now risen around 17%
Time will tell, but they seem incredibly cheap atm.
Am a long term holder of KMD and FSF.
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Originally Posted by Rawz
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