The problem is that the market looks at 122% revenue increase and only 27% net profit increase and thinks that FML won't be able to ever "bank" any profits. I talk to plenty of people (who want a ROI) and they think that FML will always have to use this Q's profits to get next Q's. That doesn't happen to be my opinion - that's just what I think the market is saying. Profit guidance hasn't pushed us out of the last half year's trading range and IMO numbers similar to last Q won't ever do it either.
People talk about DT's and the reg affecting the SP - that might be true to an extent - but big profits, ROI, reserves (the reason we have to spend our profits) and a big eared beast with a trunk will do more than a SC.
I've held and traded this stock for almost two years and we've come a long way - but we ain't there yet.
Cheers,
C12
FML Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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