Guys, there is some potential for one last sell down. As I’ve pointed out in the other thread, margins are likely to take a hit for this period, which will make it look to the untrained eye that there might be discounting or weakness.
The sell down post the 4C (where they missed a few things) and the limited following of the company makes me think they won’t understand that the business is transitioning. I’ve kept some powder dry just in case.
While I have no idea how the market will react I’m fairly confident on the weaker GP margin flowing through the upcoming 1st half report and there could be some panic selling/rotation. Just tread carefully and watch how it plays out. This is one to buy the dips - imo.
Ann: Market Update and Appendix 4C Comment, page-81
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Mkt cap ! $12.09M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 79293 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 37492 | 2 |
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