Damn, should have pulled that trigger.
I was hoping for a lively AGM this year, with champagne corks popping, etc. With this sp trend it will be as quiet as last year, save a few disgruntled newbies scowling at management for not meeting the market's lofty expectations.
Head and Shoulders well and truly confirmed.
There's no doubt, ACV growth is fantastic, cash conversion is lagging a bit and the sp ran far ahead of reality.
For me the million $ question is; at what sp to start re-buying the 2/3's I sold? 30c? From experience with previous winners (NEA, KGN, etc) I tend to rebuy too early, so am holding off this time.
Definitely there are not yet agonising sounds of capitulation, just the sound of a "brave" nugget knifing the wounded.
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