hi all, back from holidays and have read through the posts. my thoughts as follows:
* selling of a few million shares is NOT due to performance of the company. * whilst the share price may be disappointing, focus on the business not the share price. share price will follow one way or another. business is performing very well * earnings will be met / exceeded. by this time (early Feb) the selling that we are seeing should be completed leaving the stock more open to market forces i.e. a re rating. * half yearly results early Feb. * not sure if there will be news beforehand as deal flow is not reported. perhaps finalisation of GDS JV though not certain. * good to see another broker starting to follow the stock.
watch this space.
CXN Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held