NAN 0.34% $2.95 nanosonics limited

close to breakout, page-15

  1. 1,400 Posts.
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    3H,

    Its interesting with the $0.55 SPP the share price hit around $0.70 and then dropped back to the SPP price.

    I have a rule that once the SPP is announced not to buy over the SPP price on market until the "Dust is Settled" I have found 9 out of 10 times you can buy on market close the SPP price a few weeks after the SPP has closed.
    I feel the SPP traders have now "Dried up" and we should start to see some sustained share price growth.

    I find if I am not intending to increase my holding it is better to sell stock and use the proceeds to buy the SPP. (Therefore take profits prior the SPP close.)

    The USA approval and Production Increases should be positive for the share price.

    Considering NANs cash in bank and the Estimated 60% profit margin my GUT feeling they may be in profit in the 4th Qtr this year.

    I am delighted to hold NAN and enjoy the Exciting ride.

    Please do your own research.
 
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