EYE 5.26% 18.0¢ nova eye medical limited

Ann: Trading Update for Half-Year Ended 31 December 2016, page-18

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  1. 3,850 Posts.
    lightbulb Created with Sketch. 146
    I thought it was a crap half - guidance in October didn't suggest a result like this and perhaps that is why they raised capital.

    Explains the sell of prior to this announcement

    I wasn't real happy as far as growth for the half

    Negative for nearly every market/country

    I expected stronger growth in I track as well - sales wasn't up by much

    Does it warrant a P/E of 45 - not sure now

    Will be a great long term stock but might have to wait 8-12 Months for confirmation of that

    Bias - Neutral

    Cheers
 
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