X64 0.00% 57.0¢ ten sixty four limited

Ann: Annual Report 2014, page-31

  1. 13,811 Posts.
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    Considering the very large number of stocks you cover, I am surprised that you don't include NST considering its amazing out performance of its sector (especially how well it has performed over the last 2 years while most others were decimated) and considering its current large production profile after some high quality, low cost acquisitions.

    I rarely held NST because I always thought it was fully valued and yet it constantly delivered and has been rewarded through its up trending sp after others topped out in 2011. Until recently I thought MML was offering good value but after that last qtr report on top of other recent reports, I realised that management guidance was not even close to trustworthy- it even looked like it might have been intentionally exaggerated. Judging by the sp collapse below its 2013/14 consolidation range after that last qtr report, it seems the market has a similar opinion over past guidance or future prospects. It has now lost its premium of mc relative to SLR, KCN etc as I thought it might after that last qtr report. Hopefully for current holders it doesn't fall much lower. It certainly could use some better news or a sharp reversal in POG because this is one relentless steady downtrend that it is currently in.

    Even if I had confidence in its numbers, I would find it difficult to buy until some sort of potential base pattern was forming. Nothing of the sort is forming yet.
 
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