Australia's largest stock trading and investment forum Australia's #1 stock forum

BIG

Click for more information

0.00%

$2.22 big un limited

What are you smoking? I want some.

First 66 Last

Share
Profile

Follow
yaba

322 Posts.

63

31/07/18

07:04

Post #: 34635958
Share

Originally posted by jonk75 ↑

Good to see that those who were more optimistic about the stock have been vindicated. As I'm sure I more-or-less said earlier, they were entitled to use the old accounting standard at the time & there was nothing untoward about it - the Chicken Littles have been proven wrong. That said, the new accounting standard is better, so it's good to see them being proactive about adopting it even before it became a legal requirement. Sure, the change of accounting standards negatively impacts the bottom line, but even that impact has been smaller than most people imagined, & it's a one-off. While the report isn't fantastic overall, it's much better than a lot of doom-sayers were predicting. It is good to see them focusing on their core strengths & stopping the bleed.

That their technology is valuable & much desired is beyond dispute. That its supporters closed ranks & carried it through the toughest of times is not to be sneereed at. The new management team also appears to be a lot more switched on. It may take a short while longer to get their house completely in order, but it won't be trading until then anyway. Once it's trading again there'll be little or no downside left, leaving only upside for those in a position to take advantage of the opportunity.

Expand

What are you smoking? I want some.
5 Upvote

1 Great analysis

Reply

Top Stories

MGU

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

There are more pages in this discussion • 71 more messages in this thread...

First 66 Last

Add BIG (ASX) to my watchlist