Good for you on your trade and thanks for your comment. I was told to enter PPH when it was worth $1.80 per share but due to my loss on Wynyard I was inclined not to. Instead I invested in a2 which was easy as it makes a profit.
I for one hope PPH takes off like a rocket. I love success for kiwi companies
Good on you.....I hope ATM continues to serve us both well!
Interestingly a lot of the current uncertainty around PPH's value is from those that entered late. Had you entered at $1.80 you would have a considerable safety margin around the current uncertainty (which I deem is a healthy correction.) Time will tell which school is right.
Like you I'm v proud of the success of NZ companies. We are a great little country and a v safe place to invest. (Well, apart from WYN.......tho' even our failures are learning opportunities!!)
Does anyone know if Piefunds still own PPH? They published a very bullish report in Nov15 and owned the stock then. It doesn't appear to me that Piefunds have held PPH for sometime so possibly they sold late 2016/early 2017 which possibly helps to explain the share price under-performance back then? I would be interested to know what Piefunds thinks of PPH now given their early holding/bullish report.
Note: I own PPH from mid last year so I've got a lot of breathing room. I view the recent sell-off as a healthy correction but I'm weary. PPH has got a good track record (as far as I'm aware) of delivering on what it promises so unless that breaks down I'm going to try and ride it out.
I think Beagle will stick to his knitting and leave these crochet stocks to others.
It may be a bit early to call this..... some would say today is a 'dead cat bounce.'
That said, my Left Field view is that the descent below the 30 MDA which some saw as a trigger to sell is a tab too sensitive for some high growth stocks. Add to that the volatility of Dec/Jan trading and there is a distinct possibility some got spooked a tab early.
Time will tell on this one, but I'm happy holding at the moment!
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