Thoughts on what the share price action is likely to be when the results are announced on Tuesday?
I would think that the business update and investor presentation that TPW published during the capital raise provided a solid overview of the full year results, and that information seems to already be priced in (the share price has increased from ~$6.30 to ~$7.8 or by 24% in just under a month since the capital raise). That kind of appreciation in the price makes me a little nervous, as I reckon there will be a few people who may be disappointed that the results do not meet their ultra-high growth expectations, and therefore push the price down.
On the flip side, the stock price was well supported all of this week, after a mini correction last Friday (17th July), when investors were startled by the change in the trading policy. So we end up in a similar situation again where the share price tanks initially, but then slowly and steadly builds up to these levels, and may even cross $8 mark in the coming weeks.
Keen to get some discussion and analysis going in anticipation of Tuesday. Thanks!
TPW Price at posting:
$7.83 Sentiment: Hold Disclosure: Held
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