I disagree. The company is cheap as it is. 20c is a bargain SPP but as they say "you've gotta be in it to win it". A fool will sell stock ex the record date and try and replace with SPP stock...and in any case SPP stock is maximum $5000 worth...peanuts really.
The stock has broken out on the chart...wave 3 has started with a count to 47c (top of wave 1 - bottom of wave 1 added to breakout of wave three...ie 32-8.6 +24.5). The trigger for this move has been well published earlier:
1) SPS
2) China roll out faster than forecast
3) Surcharging
Add to that lot, they have taken out one of their main competition and in doing so put pricing back in their hands as well as adding economies of scale.
The first half will not be anything massive, but the business going forward is very robust indeed.
This reminds me of Lang Corp in its early days, but then it should, because Scanlon was behind that as well.
I disagree. The company is cheap as it is. 20c is a bargain SPP...
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