They said in the report "we are not for sale" so I'm sure that make a lot of the speculators who jumped in get cold feet. No real prospect of a quick profit so they are out and we are back to the broad range we had before T/O was on table. Now we will see if they can deliver on some consistent growth to justify it. If so I'll be happy to see them continue and not be taken out early like say Aconex was a few years back. Anyway the report seemed 'ok' but I doubt this will run like WiseTech any time soon. That ones a roller coaster as always.
ALU Price at posting:
$29.90 Sentiment: Hold Disclosure: Held