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More good news met by a drop in SP
Admittedly, it won’t show up on the balance sheet immediately but these are recurring revenue sales if I understand their business model correctly so eventually the growth should turn exponential.
I am sure at some point I will think I should have added some more at the current price.
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Seems as though 50 cents, or there abouts, is the support level.
I too may buy a few more once the share price shows it is in an uptrend.
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Originally Posted by Timesurfer
More good news met by a drop in SP
Admittedly, it won’t show up on the balance sheet immediately but these are recurring revenue sales if I understand their business model correctly so eventually the growth should turn exponential.
I am sure at some point I will think I should have added some more at the current price.
Sure, any amount good FA news isn't going to help as long as there a seller who keeps feeding the sell side for whatever reason.
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Member
Another contract, looking alright if they keep adding up.
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Originally Posted by sb9
Sure, any amount good FA news isn't going to help as long as there a seller who keeps feeding the sell side for whatever reason.
Maybe that seller is starting to think he might be missing out and dialed back a bit?
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A company is only worth what someone eise is willing to pay for it. What I find interesting is that IKE is actually trading on the ASX these days after several years with virtually nothing.
Definitively a positive announcement today but what are they going to do with their other target markets apart from cables of one kind or another (e.g. signage, builders, Home Depot, Stanley etc)?.
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Originally Posted by Timesurfer
Maybe that seller is starting to think he might be missing out and dialed back a bit?
One would hope so, however need to see to pick up in volume with higher price.
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Originally Posted by Timesurfer
Maybe that seller is starting to think he might be missing out and dialed back a bit?
Looks as though the tide might be turning? Bit early to call though.
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Originally Posted by sb9
Looks as though the tide might be turning? Bit early to call though.
Hope you are right, I need a miracle from IKE if I'm going to sneak higher in the Share Picking comp!! lol.
(not held in my portfolio - but watching carefully)
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08-07-2019, 02:01 PM
#100
Everything but the share price moving in the right direction
Looks like I will have to buy some more.
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