Looking to break $1, page-8

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gosouth

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149

08/10/19

19:00

Post #: 40780189
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Originally posted by Jack1960: ↑

The CUP share price needs to consolidate above $1 for a week or so, allowing weak hands or profit takers to exit presumably at a handsome profit.

There is clearly some interest in CUP as evidenced by the strong run up from $1.05 - $1.13 this morning. Quite naturally any price above $1.10 was a very good sell price for anyone who has bought in the last 4 or 5 months and wanting out and the sell side stacked up.

I suspect there are a lot of Count Financial clients who have deep pockets and don't mind investing in their financial advisers. This brings an entirely new group of investors to the buy side.

The morning trade today had very few sellers, and I mean very few sellers. That is a strong sign for the weeks/months ahead. Most existing holders, myself included, appear to believe in the ability of management to execute a successful Count Financial integration strategy, or at least give them the chance to.

As always, few stocks continually travel just in one direction so there may be some price volatility over the next 3-6 months. This will have everything to do with the business and little to do with the gyrations of the broader market. A firming SP around $1 should provide a nice platform for a re-rating after the H1 results are announced at the end of February, 2020. Who knows what the price will be then, but the odds would favour a healthy appreciation well above the current price.

DYOR

GLTASH

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I can’t see the H1 results being that important as they have only just completed the acquisition. So H1 will only have 3 months of full Count ownership in it.
However the outlook statement will be very interesting, if they elect to make a forward forecast.
Gosouth

CUP Price at posting: $1.05 Sentiment: None Disclosure: Held
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(20min delay)
Last 64.5¢		Change 0.000(0.00%)		Mkt cap ! $108.8M

Open	High	Low	Value	Volume
66.5¢	66.5¢	64.5¢	$153	235

Buyers (Bids)

No.	Vol.	Price($)
2	11625	64.5¢

Sellers (Offers)

Price($)	Vol.	No.
67.0¢	8673	2

View Market Depth

No.	Vol.	Price($)
2	11625	0.645
1	18209	0.640
1	12099	0.635
3	24923	0.630
3	16100	0.625

Price($)	Vol.	No.
0.670	8673	2
0.675	2480	2
0.680	20764	3
0.690	100000	1
0.700	15000	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

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