looks like after consolidating below 1.40 resistance for around 5 - 6 weeks it is finally breaking upwards
Definitely looks like the momentum has turned upwards after the consolidation although NZX was up pretty mightily across the board today - looking forward to the results on the 22nd of Jan, a fun Friday in store.
Definitely looks like the momentum has turned upwards after the consolidation although NZX was up pretty mightily across the board today - looking forward to the results on the 22nd of Jan, a fun Friday in store.
probably rally in advance of the results i reckon esp if people are expecting a bumper result
i cannot go really deep into specifics on any company on this forum hence why all my comments are generally in the vane of it be good or it be bad or im bullish or im bearish in nature.
I'd say at $1.40-$1.45 now we are at a fair valuation for the stock. I'd say a underlying profit of $50m is quiet fair at this point since we know very little on the HY and the fact that a lot could happen between now and the EOY result. A lot of the unknowns will be revealed at HY. These are my questions I want answered:
Is the care side still being less and less profitable as we go? This is a big part of their thesis for being different and would worry me..
How are unit sales and development margin tracking?
Are their projects still on track considering all the setbacks from Covid?
At $50m we have a forward PE of about 17 which is fairly valued. Anything below this, and the stock goes back down to hovering around a $1. At $55-60m which is doable is where it could conservatively land would move it closer to $1.60-$1.75 imo.
Pre announcement $1.60, post announcement slight movement as market will have already factored in result. Some way to go to see Beagle’s $2+. Best for New Year guys.
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