Hang on Fido.
Let's get the full story. Borrowings are more like $25mil but this is offset against a 56% increase in revenue of more than 78mil.
The NTA is @ 86c!!! I am more than happy the way this is progressing. If the share price was trading above NTA then I might think twice....but in my view this has a loooooooooooooooooong way to go to catch up to fair value.
TA: RSI jut coming out of oversold, slow stochastic mid range......in the middle of the bolly band, so I could easily see this going for a run to 4oc within a 2 day period.
I would say there are alot of ticked off ex-holders who have felt misled at the 22/1 ann. and feel aggrieved (which I can understand). However ulimately the game is not about that, it's about picking the SP at the right time. Currently way undervalued in my view.
EPD Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
