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01-03-2018, 10:13 AM
#1101
Originally Posted by hardt
Not sure if this recent jolt upwards is in anticipation for SML results after what formula sales were for A2...
Or if it is just retailers over reaction to the selldown and business as usual announcement.
SM1 is under accumulation on the ASX (check out the volume the last week), this is overflowing onto the NZX after the ASX opens.
A nice continuation breakout occured this week following a 4 month base and a shakeout last week (A2 results and Fonterra announcement). So momentum is now returning
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01-03-2018, 10:14 AM
#1102
Member
Originally Posted by hardt
Not sure if this recent jolt upwards is in anticipation for SML results after what formula sales were for A2...
Or if it is just retailers over reaction to the selldown and business as usual announcement.
Must be anticipation, on a forward PE of 18 yesterday before its jolt, surely quite conservative with the expected growth. Especially when compared to the rest of the sector.
Also the chart shows strong accumulation over the past few months so maybe the sellers finally dried up? i note the SM1 chart on the asx broke through to a record high while staying above zero on the TMF indicator, which is a strong sign of a breakout looming. Be interesting to see what happens today on the asx
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01-03-2018, 10:39 AM
#1103
Originally Posted by McGinty
SM1 is under accumulation on the ASX (check out the volume the last week), this is overflowing onto the NZX after the ASX opens.
A nice continuation breakout occured this week following a 4 month base and a shakeout last week (A2 results and Fonterra announcement). So momentum is now returning
Agree totally, its the ASX volume demand that pushed the price higher. For ex, y'day the volume on ASX was 580K+ shares compared to about 180K+ shares on NZX.
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01-03-2018, 11:56 AM
#1104
Originally Posted by Nasi Goreng
His comments are in line with the knee jerk reaction the market had. It was only when you got to sit back and think, how does this really effect SML? and then you realise it doesn't. SML have a massive growth agenda and ATM's deal with Fonterra doesn't get in the way of that.
So yes, you do wonder if these guys have the time to read these reports and consider the big picture or do they form opinions in 5 minutes.
Spot on, Nasi
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02-03-2018, 11:45 AM
#1105
it seems like this train is no stopping at all...keep growing and good news keep coming....
2 weeks to the results. We might see the sp like ATM...pop during the result day.
Good luck all the holders..!!
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12-03-2018, 12:27 PM
#1106
Yep I have bought a parcel pre results - everything is pointing to some tidy numbers and it moving into 8+
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12-03-2018, 01:41 PM
#1107
Originally Posted by NZSilver
Yep I have bought a parcel pre results - everything is pointing to some tidy numbers and it moving into 8+
Should start to move up between now and early next week as it inches closer to the results date....may be $9 with bit of luck??
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12-03-2018, 09:18 PM
#1108
Originally Posted by sb9
Should start to move up between now and early next week as it inches closer to the results date....may be $9 with bit of luck??
I reconk it will hit $10....after the result. As a lot of good news and growth into the company....but anyway..let see..less than 6 days trading. Hopefully the CDFA from AKara brand and USA one have an update...good luck all the holders!
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13-03-2018, 01:15 PM
#1109
Nice to see some one thinking a $650,000 spend at $7.66 a worthwhile buy. Commiserations to seller.
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13-03-2018, 01:25 PM
#1110
Originally Posted by minimoke
Nice to see some one thinking a $650,000 spend at $7.66 a worthwhile buy. Commiserations to seller.
Seller probably bought at under $3, so congrats to them to.
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