Yes, yes, the Big Bad Sdaji and his cronies are responsible for TNT's share price action! Muahahaha!
And indeed, what my minions and I fear most is a share consolidation! If the share price was $1 or more we couldn't possibly afford to buy parcels to trade with, and/or the share price wouldn't move more than a small fraction of 1% over the time period of a month or so I was holding for, or even the year or so I held for before that. How right you are! Haha!
Good grief.
I like the way you capitalise my name by the way! Brilliant! Is that to inflate my perceived influence or perhaps you think SDAJI is an acronym?
In reality, share consolidations do little positive and very often end up crashing the market cap due to the psychological price anchoring of the market; if the market currently sees TNT as a 15-20c stock, consolidating and sending the price immediately to around $1.70 is likely to encourage selling and discourage buying until the price is closer to where it was, and the 'need' to do consolidations is also often seen as a sign of weakness - irrational as all this is, it's often more powerful than any benefits, and let's not forget that those are also irrational.
Taking a step away from imaginary boogy men and back towards reality, I have had no impact on the price, people like me have had no appreciable impact on the price, it's crazy to think that traders are responsible for taking the price from the 40s to the teens, and you really would be serving yourself better to look at the real reasons behind the price movements than blaming 'SDAJI'! Or to think a share consolidation would magically turn things around! The reality is that the market is irrational, fearful, conservative, impatient and not trusting. This is why TNT's share price is where it is. The proof is in the pudding and TNT's pudding is nowhere near baked, let alone served up or being tasted.
Even if you were correct about people like me magically holding the price down (I'm still struggling to type that without laughing!), that would be the reality, so people would be wise to trade and invest accordingly. I've always been very open about my thoughts and strategies and anyone who has been following my posts on TNT over the last couple of years will have seen that they've served me very well, and anyone copying what I said I was doing would have made a lovely profit. I have also 100% maintained from day one, without ever changing my tune, that I have high confidence that anyone in it for the very long term will do well if they have sufficient patience. To get angry at me is just silly.
The lackluster net EPS reported today is, I believe, the main reason the market has not reacted favourably. That made today's selloff very predictable IMO. It probably doesn't bode well for the next month or two IMO. The market is never going to be exclusively filled with people who buy in all along the way and only sell once a company reaches its acme. You can blame me if you like, I definitely find it amusing and almost feel a strange sort of pride that someone would think people like me could have that big an influence on something; I never could do that, but I've obviously made quite an impression on you! I follow the market, it doesn't follow me or anyone like me. The market follows the TA and FA, and it's just not going to be particularly excited about TNT's FA at this point. If you have a long term view, I think TNT is a great buy at the moment, I'm sort of tempted to set my sentiment to 'Buy' for that reason, but in the shorter term I'm not seeing that. I still think TNT is easily a 50c stock and likely a $1+ stock once it does hit its acme, but that's a long way down the track and traders have nothing to do with it.
I'd say be careful what you wish for with the consolidation, but IMO you have close enough to zero chance of seeing it happen because management isn't that silly (which you should be thankful for). Take off the rose-coloured glasses and try looking at the report through the eyes of someone wanting to make the bear case. Consider that this is closer to what the market does than what most long term holders do. This might help explain the real reasons for the market reactions and stop you focussing on imaginary problems like myself (LOL).
TNT Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
