CSX 3.85% 25.0¢ cleanspace holdings limited

I see three possibilities here with this price action:1. Weak...

  1. 255 Posts.
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    I see three possibilities here with this price action:

    1. Weak hands are getting very nervous with limited 'Management' announcements and looking to exit. If you entered anywhere above $2 looking for a momentum-shift trade you have been disappointed;

    2. Seems like some controlled offloading here. This share price hit over $7 earlier this year so understandable that it is convenient for someone to take a loss on this one - depending on how their portfolio played out. Quite understandable. Situations like this just turn into another investors gain once Q1 22 rolls along. I am very tempted at these prices but if he/she really has to sell we may be in for an even bigger bargains ahead.

    3 Then there is always the possibility of someone with insider information seeking a controlled exit to maximise their exit point. Are the Q4 results worse than Q3, or on par? Will the market savage this stock again in late June/July? This is a possibility, but unlikely in my view.

    With these potential three scenarios playing out I am leaning towards Point 2 as the most likely, although am not discounting 1 and 3. At the end of the day this is a fantastic little business with future growth in the trade and medical industries. I am aligned with management on their vaccine speedbump thesis and willing to take the journey for the next two years. This is a 144m business with 42.5m cash, 2.3m debt - with innovative well-regarded products. Also they have a proven management team. That'll do me. These 2021 prices will be the usual 'golden opportunity' hindsight narrative in years to come.

 
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Last
25.0¢
Change
-0.010(3.85%)
Mkt cap ! $19.33M
Open High Low Value Volume
25.0¢ 25.0¢ 25.0¢ $156 622

Buyers (Bids)

No. Vol. Price($)
2 19450 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 1304 2
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Last trade - 10.02am 02/07/2024 (20 minute delay) ?
CSX (ASX) Chart
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