This was the commentary in the previous quarter 4c -
Commenting on the performance of the business for the quarter, Sequoia’s Managing Director and CEO Scott Beeton, said: “Sequoia has performed well during the quarter and the growth in revenue and the strong turnaround in cash flow demonstrates that our strategy of building a diversified financial services model is delivering results. This stronger result is anticipated to continue into Q2FY17”.
Amazing that SEQ's SP sat in the low 20c range for much of period following despite the upbeat commentary and a good 4c being well flagged.
Still plenty of upside remains at the current SP so despite todays stellar rise, SEQ looks a good value proposition going forward.
SEQ Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)