I have no faith in the FCA when I see movements like this.
Especially when the most the NZX etc ever does is give a slap on the wrist via a trading halt and go "why is your price moving so much" and then nothing further happens unless you are Martha Stewart
Eroad had a bit of spotlight from FMA in 2018 and no doubt, risk & compliance measures would have increased since. https://www.stuff.co.nz/business/107...ng-prosecution
Reading this article, perhaps trades under $50k do not come under scrutiny.
Am I right that FMA has so far brought only two cases relating to insider trading ever since it got additional powers in 2013?
Hmmmm. Good result coming? Not another leaky ship....
Originally Posted by Nigelk
someone knows something....
Originally Posted by Pricey
I have no faith in the FCA when I see movements like this.
Originally Posted by ziptie
Especially when the most the NZX etc ever does is give a slap on the wrist via a trading halt and go "why is your price moving so much" and then nothing further happens unless you are Martha Stewart
Originally Posted by Paradox
Eroad had a bit of spotlight from FMA in 2018 and no doubt, risk & compliance measures would have increased since. https://www.stuff.co.nz/business/107...ng-prosecution
Reading this article, perhaps trades under $50k do not come under scrutiny.
Am I right that FMA has so far brought only two cases relating to insider trading ever since it got additional powers in 2013?
LOL. Are we just observing the creation of a new conspiracy theory?
Just wondering whether there could be as well a harmless explanation for this actually quite insignificant (low volumes - 160k in two days - and it appears the "peak"is already over) SP spike:
It appears that in the first week of June one of the two analysts following this stock increased his (or her) recommendation from outperform to buy and increased the "consensus" SP target from $3.40 to $ 4.20:
Now - obviously - we all know that analyst recommendations and SP targets are as good as any horoscope ... but it appears one or two smaller retail investors didn't know that and invested some petty cash into a handful of ERD shares after the change of the analyst recommendation resulting into this exciting spike.
Call that as you like, but it has certainly nothing to do with insider trading. Anybody is allowed to read horoscopes and act on their recommendations. Whether it is wise to do that is another question, but it is clearly not illegal. Same with publicly available analyst recommendations.
Discl: neither holding nor conspiring :
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Good growth in revenue and great to see the company make a profit. Only question I have is why NTA more than halved?
Not really following - but from a quick glance over their balance sheet it looks like they significantly reduced cash (negative cash flow) and increased intangibles.
Not sure this alone would result in halving the NTA (did it?), but it clearly won't help to support it.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Not really following - but from a quick glance over their balance sheet it looks like they significantly reduced cash (negative cash flow) and increased intangibles.
Not sure this alone would result in halving the NTA (did it?), but it clearly won't help to support it.
Originally Posted by Pricey
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