My thoughts on the market reaction to the latest ann;
it is always nice to see a major player pay more than the mkt price for your company which shows that some out there also believe this company is undervalued.
However, it would appear that the market in general is a little underwhelmed by the performance of management over the last couple of years and needs to see that sustained profitability will occur. The next quarterly should show this and with this latest acquisition earnings should only grow with the rerating happening concurrently.
The only question is when? Will it be a slow climb up to 10c and beyond or will the next quarterly give it an instant spike? I am set regardless and happy to wait it out. for Day Traders I hope you have luck picking the moment of entry and hope you don't miss out!
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- Ann: Half Yearly Report and Accounts
Ann: Half Yearly Report and Accounts , page-16
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