Speaking of opportunities, new addition to covered stock today:...

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1ronnie

20,526 Posts.

1957

14/06/18

10:40

Post #: 33702643

Originally posted by 1ronnie ↑

This below was what I wrote on Feb 6 2018 if you click on my Its Over thread (emphasis is added)

Another bloodbath on Wall Street tonight as Dow futures point to another 1,000 point drop. With this, I think we can kiss goodbye to exuberance and IMO high flying stocks and once punter darlings have a lot of retracement to d
o , so while to some, a fall may present as a buying opportunity, need to exercise caution not to buy into falling knives. Where the dust settles is hard to predict but I suspect stocks with less tangible fundamentals (minimal revenues with a 'compelling' story) would face challenging times ahead. This Wall Street phenomenon is still lightly taken with most saying it will blow away, but even it did, the conducive environment we had from Sept 17- Jan 18 in my mind is not returning, so prior assumptions should be reconsidered in the light of this new development. Take care!

So in the sense for now its been over for a large number of microcap tech stocks. Those who would have taken what I wrote seriously then could have saved some serious money. But look, not here to crow about my track record ; my writing is intended to emphasise the challenging market environment that is yet to come and how people should be more prepared for it. I am not expecting likes for the dire outlook. That said, there are always opportunities not all doom and gloom.

Expand

Speaking of opportunities, new addition to covered stock today: NZ King Salmon (NZK).

At $2.24, NZK is trading at PE of just 10x and its 2019 EBITDA guidance is in the range of NZ$25-28.5m. Annualised revenues of NZ$176m. It harvests the large salmon version , so is different to Tassal and Huon and like BUB catering to the needs of the Chinese market, NZK also targets the large Chinese market.

Meanwhile APX , PPS and CLV are doing great, continuing its run. BUB is undertaking a CR for expansion and should be back on Monday.

Column 1 Column 2 Column 3 Column 4 Column 5

0 COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @OPENING GAIN%

1 14/6 NZK $ 2.240 $ 2.240 0.0%

2 4/6 BUB $ 0.830 $ 0.895 7.8%

3 15/5 SW1 $ 0.410 $ 0.385 -6.1%

4 14/5 RHC $ 65.420 $ 57.940 -11.4%

5 9/5 FYI $ 0.145 $ 0.115 -20.7%

6 3/5 4DS $ 0.057 $ 0.046 -19.3%

7 2/5 PME $ 8.150 $ 7.510 -7.9%

8 1/5 TTT $ 1.540 $ 2.610 69.5%

9 30/4 CTD $ 24.880 $ 25.511 2.5%

10 18/4 CLV $ 1.030 $ 1.610 56.3%

11 18/4 VIV $ 0.054 $ 0.048 -11.1%

12 11/4 APX $ 8.820 $ 12.540 42.2%

13 11/4 BHP $ 29.440 $ 33.345 13.3%

14 11/4 PPS $ 0.595 $ 0.875 47.1%

15 11/4 PTB $ 0.545 $ 0.600 10.1%

	Column 1	Column 2	Column 3	Column 4	Column 5
0	COVERAGE DATE	STOCKS	PRICE ON COVERAGE DATE	PRICE @OPENING	GAIN%
1	14/6	NZK	$ 2.240	$ 2.240	0.0%
2	4/6	BUB	$ 0.830	$ 0.895	7.8%
3	15/5	SW1	$ 0.410	$ 0.385	-6.1%
4	14/5	RHC	$ 65.420	$ 57.940	-11.4%
5	9/5	FYI	$ 0.145	$ 0.115	-20.7%
6	3/5	4DS	$ 0.057	$ 0.046	-19.3%
7	2/5	PME	$ 8.150	$ 7.510	-7.9%
8	1/5	TTT	$ 1.540	$ 2.610	69.5%
9	30/4	CTD	$ 24.880	$ 25.511	2.5%
10	18/4	CLV	$ 1.030	$ 1.610	56.3%
11	18/4	VIV	$ 0.054	$ 0.048	-11.1%
12	11/4	APX	$ 8.820	$ 12.540	42.2%
13	11/4	BHP	$ 29.440	$ 33.345	13.3%
14	11/4	PPS	$ 0.595	$ 0.875	47.1%
15	11/4	PTB	$ 0.545	$ 0.600	10.1%