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NZ punters are slow to catch on and should have read the original announcement mor thoroughly
NZX should issue a speeding ticket I reckon
That trade of 100,000 signals confidence
”When investors are euphoric, they are incapable of recognising euphoria itself “
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Originally Posted by winner69
NZ punters are slow to catch on and should have read the original announcement mor thoroughly
NZX should issue a speeding ticket I reckon
That trade of 100,000 signals confidence
The Board reckons the share price doesn't reflect the performance and value of the company. Why are the Board members not scooping up shares at these bargains prices.... ?
Guess they probably all in a lock up pending the results in november.
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Its always bit of worry when a company has to explain punters how undervalued their sp is relative to company's performance....hmmm!!!
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Originally Posted by sb9
Its always bit of worry when a company has to explain punters how undervalued their sp is relative to company's performance....hmmm!!!
It worked though
”When investors are euphoric, they are incapable of recognising euphoria itself “
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Originally Posted by winner69
It worked though
A day's trading of whopping 160k odd shares...will wait and see
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Originally Posted by sb9
A day's trading of whopping 160k odd shares...will wait and see
If you take out the recent really high volume days (~1m odd shares) yesterdays 185,000 shares was way above daily average
Yes wait and see - might be 200 today or might be 150, who knows
Interesting that the recent 1,300k and 900k volume days the share price fell (significantly) - a keen seller?
Last edited by winner69; 07-10-2016 at 08:53 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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Originally Posted by winner69
If you take out the recent really high volume days (~1m odd shares) yesterdays 185,000 shares was way above daily average
Yes wait and see - might be 200 today or might be 150, who knows
Interesting that the recent 1,300k and 900k volume days the share price fell (significantly) - a keen seller?
Could well be, don't really follow this stock. My observations were more around the fact that company has to blow its trumpet to drive up sp, which is not normal trading practice for many companies.
If you're doing a good job around fundamentals, the sp will take care of itself.
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Latest stats
https://www.nzx.com/files/attachments/251129.pdf
Suppose 'broadly in line with Eroad's expectations' means the stats are pretty good
”When investors are euphoric, they are incapable of recognising euphoria itself “
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In my mind "broadly" implies the stats aren't quite as expected. Not too impressive considering TCU forecasts have already been downgraded dramatically - twice. Original forecast (US) was for 12,440 TCUs by 31 March 2016, revised down again to between 6000 - 6000 by March 2016.
This company seems way off (at this stage) and terrible at predicting the market they operate in. Teething, perhaps.
Last edited by Pricey; 05-01-2017 at 08:54 PM.
Reason: Stats.
"His loyalty couldn't be bought at any price; but it could be rented remarkably cheaply."
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