Jeez, it's hot enough in Sydney, still ...
SRF - been watching it since the collapse about one year ago now.
6 month results to end of 2016 due out end of February.
FIL has increased their holdings.
Bad news all out now? Still a possible law suit lurking. New CEO trying to turn the ship around.
Given that they're online retailers and the Xmas period will have been their yearly peak for sales, I am expecting a better-than-anticipated result.
Chart has been stuck in a channel for 5 months. I might buy some and take the punt that the results will surprise the market on the upside. Looking to buy at sub 17c - see how we go in next week or so.
6 month chart:
Daytraders Weekend Aftermarket Lounge 10-13th Feb, page-94
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