NZS 0.00% 0.2¢ new zealand coastal seafoods limited

4c fair value ($30M), 8c short term target ($60M), page-76

  1. 17,638 Posts.
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    Have been quite impressed how they have set this up for a sustained run .
    Investor presentation was the start - hinting at potential news flow - sales etc
    Then the sell down volume indicating stale holder exiting .
    Rebound pretty quick and getting the news out that substantial holder out before asx query on volume .
    I would expect now that investors/ punters will be happy with stale holder out and move this up in next trading day or so .
    Company won’t need to put any immediate more news out to drive this .
    Any sign of share price weakness then the real sales , product etc news will start to trickle out thus keeping the momentum going .

    Clever strategy
 
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