Buy and Dump?, page-17

  1. 11,060 Posts.
    lightbulb Created with Sketch. 1778
    The company mention their profit will slide but did not quantify. Analysts fear the worst, thus shorters are having a field day. If profit is better than expected, that is, if it makes a good profit but maintain as last year or a bit lower, the SP will bounce right back. Analysts think the worst, so the shares have been sold right down, even worst than before the SP went up. I think aluminium is the area where they have price declined the most. However 59percent is hedged. They have sold more properties and other areas are making good profit. I am more optimistic, so I bought some at this level. The company has a strong balance sheet.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.