FLC 3.19% 9.1¢ fluence corporation limited

I suspect this is a ploy to profit from the upcoming annual...

  1. 431 Posts.
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    I suspect this is a ploy to profit from the upcoming annual report. We are all aware, as the company has already outlined three times in the past 4 months, that revenue will slip from CY17 to CY18 lowering CY17 revenue from $90M to $60M. However, I suspect that some are anticipating the market to react poorly to the annual report when they see this in its absolute form in the financial statements. Hence, I believe this is a shorter-term move by some to profit from another over-reaction by the market. Would be a bummer for the shorters, though, if the annual report gave further updated revenue forecasts for CY18 (as management did state this) and which prompted a re-rate to above 60 cents.
 
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