I found the report to be satisfactory, not as bad as it could have been and not as good as it could have been either. At the current price point, I am content with maintaining my holdings and making small trades as the price fluctuates, gradually reducing my holdings over the next few years. I am willing to give this stock more time to develop before drawing any negative conclusions. I am pleased to see that the stock is still trading above 10 cents, which is where I initially purchased many shares. I believe that this stock has significant trading opportunities due to its volatility and tendency to rebound, but I do anticipate further downward pressure in the coming weeks. I will be monitoring key levels to buy back the position I sold in the 20s.Overall, I think that the management and CEO need to improve significantly within the next two years for me to have any long-term faith in them. Until then, I plan to slowly liquidate on upward movements, with my personal target for larger sells being between 30-50 cents, and accumulating more shares at current levels or below. Despite this, I still consider ci1 to be a favorable stock, particularly when compared to others that have experienced significant losses and negative earnings over the past year.The 6-month report did reveal some positive aspects, such as increased revenue and improvements in short-term assets, liabilities, and equity. The loss was due to intangible asset write-downs, which may reduce the tax burden without significantly impacting cash levels. Based on its financial position, I believe that ci1 will continue to operate profitably in the future, although there may be better growth opportunities with less counter-party risk.Please note that the above is my personal opinion and not financial advice. Some of the information provided may be incorrect or incomplete. I wish all holders of this stock good luck.
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
I found the report to be satisfactory, not as bad as it could...
-
- There are more pages in this discussion • 104 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CI1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.685M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CI1 (ASX) Chart |
Day chart unavailable