Topped at at 4.38 then again at 4.00. Far too tempting for me
One thing I noticed was admin expenses was over $10m more than last year, pushing operating profits down 29%.
Haven't had time to read the report in detail yet. Anyone know what these admin expenses were?
Major re-rating going on. Too early to pick bottoms IMHO. (Nasty habit anyway!)
I suspect the fund I mentioned before Investment Services Group have been gradually reducing their stake this year going down from 8.69% to 6.84% and recently to 5.72%. As at current notice they hold 9.5mln shares under their belt. I'm picking they might go under 5% threshold soon if they continue their intentions of offloading.
So, it probably is wise to wait before doubling down or planning to buy in, just my 2c worth.
Topped at at 4.38 then again at 4.00. Far too tempting for me
One thing I noticed was admin expenses was over $10m more than last year, pushing operating profits down 29%.
Haven't had time to read the report in detail yet. Anyone know what these admin expenses were?
Just answering my own question... "Expenses up 20% chiefly comprising a continued investment in staffing, additional cost of sales (Cinema hardware and Movio), and LTI programs for key executives."
I suspect the fund I mentioned before Investment Services Group have been gradually reducing their stake this year going down from 8.69% to 6.84% and recently to 5.72%. As at current notice they hold 9.5mln shares under their belt. I'm picking they might go under 5% threshold soon if they continue their intentions of offloading.
So, it probably is wise to wait before doubling down or planning to buy in, just my 2c worth.
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