SIO 0.00% 16.0¢ simonds group limited

One week on

  1. 490 Posts.
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    I have to say one week since the announcement and the SP is sitting pretty at the 40c mark, this is a great sign.

    Realistically we should expect a price increase in the short to medium term now, however I believe the next market update will reflect the change in business and price will be reflective of future earnings potential .

    My biggest concern in terms of paper value was that the update would scare some investors and push prices lower, however given the quality of our co share holders I think we are in for a SP increase slowly as the year progresses. Henry Morgan limited (HML) don't invest where they don't see a ROI of about 100% or more so that's my target
    Last edited by Thetulipbubble: 04/02/17
 
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