Still nicely above the EMA200 - i.e. not really a reason to sell - and for my understanding do the charts not show insiders selling, just a long time since the last good news event (and markets can be impatient, can't they)? BTW - falling wedges are more often than not a bullish TA signal ...
Analyst forecasts quite positive: forward PE: 21, forward revenue CAGR: 47, forward (earnings) CAGR: 28; PEG: 0.75! Remember as well these amazing slides in the last AGM illuminating the growth of coverage in the US?
Their systems are ranked according to independant consumer reports in the top three in the US market and the market size is only limited by ones imagination ...
On the other hand - things often take longer than one hopes - I don't think anybody can exclude the risk of some delays (do I need to mention politics?) and a SP dip ... its just - so far the charts don't show this.
I do see ERD as a promising candidate for Jim Slaters system and do hold a medium-sized parcel. If analyst forecasts are right, than I would see them in 2020 (after 3 years of healthy earnings growth) as a screeming buy ... but I'd think as well that they would be at that stage more expensvie than they are now.
They well might be the next GTK (or - bumpier - XRO). But obviously ... there are risks.
Patience is the mother of investment success
;
Originally Posted by Yoda
) - but the presentation is worthwhile to read.
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