Yes a surprisingly good result. I did not expect them to trade this well through this COVID pandemic but April 20 is up on the previous period.
I do like very much how they have dealt with staff and costs. They stopped hiring, eliminated casual labour as much as possible, froze annual pay reviews, banned new hirings and temporarily halved the salary of CEO and Board. Talk about leadership by a great example.
gotta love the writing style. 'yeah, there was this virus thing that had a wee bit of an impact on us. april 2020 was a bit crap, but May's looking better. we've taken a few steps to help ourselves, nothing to write home about really'
gotta love the writing style. 'yeah, there was this virus thing that had a wee bit of an impact on us. april 2020 was a bit crap, but May's looking better. we've taken a few steps to help ourselves, nothing to write home about really'
I have to say that spike just before the freeze caught me out. I listed mine with a couple of bucks stretch thinking we might get there tomorrow or the next day. Gone and profit banked before the close of play (maybe I should have held out for more mental debate).
I don't subscribe any more as I think $35 a month is questionable value but apparently one of the brokers is really hailing their outstanding recovery.
Disc: One of Kingfish's biggest investment positions and I have a few Kingfish warrants (KFLWF).
Last edited by Beagle; 31-07-2020 at 06:14 PM.
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
I don't subscribe any more as I think $35 a month is questionable value but apparently one of the brokers is really hailing their outstanding recovery.
Disc: One of Kingfish's biggest investment positions and I have a few Kingfish warrants (KFLWF).
Same here. Did not renew my subscription so can't read it.
When the world crashes buy the freights. Could not even get the stock in the low 20's... never been able to buy in in bulk.... overvalued? the market doesnt think so yet. Makes me sick how good this stock is. Right up there with FPH and that makes me even blue in the face... held at 3.50 and held this at 28.. Dont ever sell the freights.
Originally Posted by iceman
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