Historically, if anything it's the opposite.
Management come out with a conservative profit forecast, the stock drops. Then fund investors move in driving the price up from the lows, only for TRS to come out with profit upgrades.
We know Christmas is boom time sales season for TRS, so this is way way over sold, 28 million shares on issue for a $60 million market cap is insane in my opinion. $800 million annual revenue and anywhere from $11 to $20 million NPAT and no debt...Equates to bargain territory, will be over $3.00 within a week or two in my opinion, and that is only $70 million odd market cap
drifta
Ann: Change in substantial holding, page-12
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Last
$3.17 |
Change
-0.080(2.46%) |
Mkt cap ! $118.2M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.27 | $3.16 | $62.05K | 19.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1457 | $3.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 5200 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| TRS (ASX) Chart |