fluffie - TOX management have done a great job inturning around the business. But there is more to running an ASX listed company than the day to day operations. There is also the responsibility of attracting solid investment money. The consolidation will held off load day traders some what - but they are missing a key ingredient to attracting good investors and it is this - THEY DO NOT REPORT EARLY ENOUGH IN REPORTING SEASON!!!
They need to realise that not only are they out to win waste management business, but they are also in the business of winning investors.
Reporting season is now 6 - 8 weeks old for most profitable companies - those that report now are losers so we "Investors" tend to switch off. go fishing etc... about this time of year.
As an investor with cash wanting to be allocated I have already found my 'targets' in this reporting season and made 10% to 30% already on average by this stage. TOX has not yet reported - so they can't have my funds! If they do report now and it is good - am I going to sell another stock that reported earlier and I am already considerably to switch to TOX and give myself a tax bill? Unlikely!!
Sorry - but TOX management need to wake up to themselves and report early - all the smart investors have already put most or all of their capital to work the past 6 weeks and TOX have missed the boat!!!!
I still hold - but am most disappointed with them reporting this end of the season! You missed out guys - smart money is mostly reallocated!!
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