This morning was a flood of sellers from the open. Artificial open at 3% higher (they call it the shorters lure). A lot of disgruntled investors following the H1 report after seeing this hit >$30.
Makes no sense, noting if you exclude the $3m of capital sales last half, growth is astronomical (it is still exponential, justifying a high P/E ratio). North America is thriving and the cash chest is building with little effort.
Whoever the seller is, let them bail and then load up the truck. They must have parted with most of their holdings by now.
This will be at $32 soon in line with broker expectations. Further sales contracts to be deployed at end of month and also the best pipeline of opportunities ever could see a major contract added at any moment.
DYOR, however I am adding more holdings, noting that FY20 results are certain to eclipse FY19 by a huge margin. Thank you sellers for this once in a lifetime opportunity for easy profit.
Plenty of X factor with major diversification opportunities (significantly progressed) and acquisitions in the pipeline to continue to build scale. Free cash flow is projected to add around $15m p.a. This is one gem that is well positioned for major growth in a stable industry.
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