Taking some profit after 22% lift in SP this last month, so sold down ~5% of my holding.
SP has been falling after each quarterly announcement for the last couple of years.
This one may be different with a solid profit result likely.
Clearly one or more big buyers algo-trading, 14 trades to buy just 4000 shares from me.
Taking some profit after 22% lift in SP this last month, so sold down ~5% of my holding.
SP has been falling after each quarterly announcement for the last couple of years.
This one may be different with a solid profit result likely.
Clearly one or more big buyers algo-trading, 14 trades to buy just 4000 shares from me.
Agreed, SP lift prior to announcement followed by decline is a pattern. I too am planning to sell down prior to results but will do so on the ASX.
Taking some profit after 22% lift in SP this last month, so sold down ~5% of my holding.
SP has been falling after each quarterly announcement for the last couple of years.
This one may be different with a solid profit result likely.
Yeah I considered this but I wonder if some of that drop has already been realised over the last 3 months? PPH approach the latest results with a uniquely subdued recent SP history, so I think if there is a fall (not a sure thing) then it will be pretty modest, unless the results are terrible which I dont believe they will be. So I think there are very few other shares with more positive prospects, so Ill sit this one in I think.
Just see how much ebitda increases each year from here on in now that the business is ‘maturing’ - ie expense base stable with growing revenues and margins
Pretty cool
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Slightly confused by their earnings statement. On page 40 of their annual report they claim:
Revenue 98.4m (US$);
Deduct from that third party direct cost (basically the money they pay to the credit card company) of US$ 37.9m leaves US$ 60.5m;
Deduct from that their operating expense of 62.5m leaves a loss of US$ 2 million;
Accountants found some foreign exchange gains (US$ 0.6m) - add them and we still have a loss of US$ 1.4m.
And now comes the magic: Somebody found an income tax benefit of US$20.2m. Just wondering whether IRD really transferred this money to them, but can't find it in the cash flow.
Hmm.
Are they really declaring a potential tax savings in future years (if things go well) as a net profit? I am not an accountant, but wondering whether this is standard accounting practise or just very creative accounting?
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Originally Posted by Nigelk
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