Sold half my holding this morning for a loss, if this company is worth it's mettle, the other half will eventually bring me back into the blue and then some. Not sure what is going to hold the price up over the next few months other than oversold technicals.
Sold half my holding this morning for a loss, if this company is worth it's mettle, the other half will eventually bring me back into the blue and then some. Not sure what is going to hold the price up over the next few months other than oversold technicals.
I did the same Couta thankfully not for a loss this time but I also sense this one might keep trickling down for a while.
Even with share price down about 10% and an appreciating NZD PPH is still trading on EV/Gross Margin multiple of about 18.
Pretty outrageous really looking at global valuations
Let’s not forget last big cap raise was at $1.51 last July. Targets haven’t really changed since then so an extraordinary amount of Optimism about the future has driven the share price to $4 plus.
Little wonder it’s falling back ....might even go to $3 and evev then those who bought in at $1.51 six months ago will have doubled their money
”When investors are euphoric, they are incapable of recognising euphoria itself “
I bailed on this one. Bought at $4.36 9 days ago & bailed at $3.95. A bit too volatile for me. Over the years I have made lots of losses on Tech company's (and one nice gain in XRO). Moved my investment to OCA which may move a bit slower, but should be kinder on my nerves. I will still keep an eye on PPH & may buy back in at a later date.
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