Fantastic presentation by Mike about 2022 and spoke confidently about 2023.
But I have a couple of risk factors.
- Consider major wins are not a free hit they have to convert their pipeline at 1 in 3 and that becomes even more vital at the bigger tenders end due to weighting, so this could create concentration risk.
- Central bank rates are just days into a new phase of higher rate expectations which will hurt the same sectors affected in H1.
Combine this with technicals still in a downtrend and my guess is there will be a cheaper opportunity (say 50-55c if pushed for specifics) in coming months.
Fantastic presentation by Mike about 2022 and spoke confidently...
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Last
54.0¢ |
Change
-0.010(1.82%) |
Mkt cap ! $130.2M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.0¢ | 53.5¢ | $9.847K | 18.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15881 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 31432 | 2 |
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| Last trade - 15.52pm 04/10/2024 (20 minute delay) ? |
| M7T (ASX) Chart |