I decided to trim back my shareholding as the ASX listing has not delivered the increased liquidity and coverage the listing was expected to achieve. Means that TIL is vulnerable to sell-offs by those sitting still on huge gains, plus there are now some shareholders with big lines of stock from the $50m share placement in June, plus placement of shares to Forestal casino.
Vulnerable to sell-off.
Watch for some sizeable crossings before next sustained sp direction will be determined.
... just curious ... given that we are already below MA50 as well as below MA200 - what other sizeable "crossings" do you expect?
Falling on relatively small volumes - suggesting that there are big lines of stock on the offer. Until those lines are cleared, sp will continue to fall.
Let's not beat around the bush TIL SP performance in the last 2 months has been underwhelming to say the least. With 1st half results due in under a month will dictate how this share will trade in the next wee while. This co is still growing and making a profit which is much more than other company's on the nzx can lay claim to one has to remember.
As optimism rode the SP on the way up it's only fair pessimism has followed TIL on the way down. My bet the company will continue to play it safe and under promise and over deliver but the results in 4 weeks will clarify the position to all.
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Originally Posted by winner69
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