Wynyard Group capital raising?

**BlackPeter** · 15-05-2014, 10:04 AM

Originally Posted by moosie_900

$2.20 is gone (lower bb), buyers looking very thin and the Nasdaq was down overnight. Anyone up for catching some WYN knives today???

not sure, whether I expect a falling knife, more like a continuing erosion (well, at least until the next announcement). Interesting to see that the 12 month target price is dropping as well ($2.35 end of March, now down to $1.85). Just wondering, whether some of the analysts are somewhat cheating while crunching their fundamentals ... I don't think that their was any significant announcement justifying a drop since end of March - just a slight hype reduction ...?

discl: Don't hold, but like the company - but see it still as overpriced ...

**Harvey Specter** · 15-05-2014, 10:25 AM

BlackPeter - whose Target price are you referring too?

WYN have plenty of cash in the bank following the previous capital raising. They will use that to do good things. I will keep holding.

**BlackPeter** · 15-05-2014, 11:12 AM

Originally Posted by Harvey Specter

BlackPeter - whose Target price are you referring too?

WYN have plenty of cash in the bank following the previous capital raising. They will use that to do good things. I will keep holding.

ft.com -

http://markets.ft.com/research/Marke...asts?s=WYN:NZC

Good luck with holding ... as indicated, I think it is a well run company with good prospects. Agree as well - they have cash and I expect them to do good things with that money. Just not sure, whether I can justify for myself buying their shares at current prices. However - my crystal ball is cloudy and has been wrong before (but luckily more often right than wrong

) - so all the best to all holders and DYOR!

**Harvey Specter** · 15-05-2014, 11:39 AM

Originally Posted by BlackPeter

ft.com -

http://markets.ft.com/research/Marke...asts?s=WYN:NZC

Good luck with holding ... as indicated, I think it is a well run company with good prospects. Agree as well - they have cash and I expect them to do good things with that money. Just not sure, whether I can justify for myself buying their shares at current prices. However - my crystal ball is cloudy and has been wrong before (but luckily more often right than wrong

) - so all the best to all holders and DYOR!

Thanks - I wouldn't be buying now either, but I will go with 2 of 3 analysts and continue to hold.

I got in at the IPO and bought a smaller amount in the recent SPP so well above even. The story hasn't changed and as a long term investor, there is no reason to sell.

**alistair85** · 20-05-2014, 01:18 PM

All those that bought in at the spp wont be too happy with the price now!

**fiasco** · 20-05-2014, 01:21 PM

I had purchased some at 2.40, but not inclinded to sell for a year or two. But while still trending down on no news etc, ill wait till TA says before adding further.

**alistair85** · 20-05-2014, 01:23 PM

Buy sides looking very thin too!

**Harvey Specter** · 20-05-2014, 01:39 PM

Originally Posted by alistair85

All those that bought in at the spp wont be too happy with the price now!

Same could be said for a lot of people who bought growth stocks 23-3 months ago. Same could also be said a few months after the IPO - I think those people are now smiling

Personally I am happy the company got all the money they need for the forseeable future and expect to see good things.

Disc: