I had a good size Buy at $8.50 which didn't get filled. Not in a...

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Exised

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26/08/24

11:22

Post #: 75372002
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Originally posted by mondyinvest: ↑

@Exised I listened to the call over the weekend and got a starter position near open this morning. Contrary to my initial thoughts from reading the announcements, I think Reid did a pretty good job of articulating why the FY25 guidance was flattish on EBITDA and I wonder if it might be slightly on the conservative side (i.e. 4 years since the last product innovation, turned this around in the past 12 months so now have a lot to go back to existing customers to offer upsell).

Perhaps there was a bit of the old 'blame the old management spin' but he did seem fairly adamant that the crimped growth was the sting in the tail of years of no new product offerings coming through to bite them, so on a longer-term timeframe they've taken the right steps to rectify this.

Prepared to give it a bit of a crack here; if it's anything like AD8 there will be some up/down volatility for a while from here but I think US signaling rate cuts may give further tailwinds to tech sector, and seeing The Capital Group grow their position +54% last week into the dump is an interesting signal too.

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I had a good size Buy at $8.50 which didn't get filled. Not in a rush. At that price I'm still averaging up significantly.

Well done and good luck. I think you bought at a good price for a 3+ year investment timeframe. Some nice 20% bargains this reporting season on the back good FY24 results but BOD and Management presenting cautions FY25 guidance. MP1, CKF, ING, KLS etc.. take your pick.

MP1 Price at posting: $9.19 Sentiment: Hold Disclosure: Held
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0 Great analysis

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