Yep....the 'market' reads only the bullet points for immediate...

  1. 2,124 Posts.
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    Yep....the 'market' reads only the bullet points for immediate reaction. It will take time for the broader context to be interpreted and sink in.The three key points for me were:
    1. second half always bigger than 1st half (history backs this up)
    2. this first half was further affected by 6 week general election period (you can Google MCC or Minimum Code of Conduct which are rules governing election periods and amongst other things impose strict limitations on how much cash people are allowed to be carrying on their person)
    3. deferral of WLA revenues till post TPCL acquisition.

    All that said, nothing goes up in a straight line and this trajectory needed some serious heat taken out of it (profit taking by bag holders) prior to launching on its next bender (fuelled by new investors buying in well below recent highs). Given I'm not ST trading here and am looking at the bigger picture (IPO and beyond), I would frankly welcome a 6-8 week retrace back towards the high fives to low sixes, which sets the platform for a 2-3 month push to double digits (backed by further acquisition news and by confirmation of 2H'25 guidance.This week would be the second week towards that retrace.

    All IMO.
 
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(20min delay)
Last
$3.73
Change
-0.110(2.86%)
Mkt cap ! $230.5M
Open High Low Value Volume
$3.87 $3.94 $3.70 $621.2K 164.8K

Buyers (Bids)

No. Vol. Price($)
1 494 $3.72
 

Sellers (Offers)

Price($) Vol. No.
$3.73 7577 1
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Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
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