Short Term trading Week Starting: 31 Oct, page-531

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just1n6149

186 Posts.

03/11/16

12:50

Post #: 20341475
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Originally posted by 952i ↑

Quite alot could be said tbh,

I'm quite determined to mastering FA over the coming holidays, and looking into SRO.

Market clearly didnt like the Quarterly.

FA:
Positives:
- Now at a tiny EV/MC at these prices and I think it provides good value
- In a hot sector with plenty of money flow
- Does have a slight competitive edge with providing legal clearance of UGC's
- Large partnerships, clientele building and looking to expand further also with two big bids for government proposal

Negatives:
- As i touched on earlier the only thing I dont like about this co is there expenses and thats what looks like ended up biting me today with the 4c

Its the 47% drop in revenue and the jump in staff costs (including Directors) that drove it down imo. Notice the large variances to the average quarter expenses in Admin/Staff costs. They need to work on that.

Regardless I think its well valued here at 1.8c. Staff really need to cut the bs and you have a good company with potential.

TA:
That volume looks a bit suspicious/climatic. Looks like every stop left right centre was triggered lol. I dont think it will move much lower after that volume. Looks like at the juice was taken out of it in one blast. We shall find out if sentiment changes soon.

I'm still holding and letting it play out.

Also had to sell ZMI for a small loss this morning and moved it into GPP which is breaking out as we speak

Cheers

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Thanks for that mate. @webbj comments hold some merit as well. Was quite a good trade to me and I bought back in, around the time you tipped it.

i believe in the next quarter a lot of these issues have supposedly addressed as @TheGladiator and @forrestfield have mentioned...

the gap at 1.5 is now filled and I've averaged down - hopefully it wasn't the wrong move!
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