next breakout, page-13

I expected the SP to push higher today into the mid-20s on the back of the updated sales forecast.

PHK is in a strong upward channel as can be seen from the chart, hopefully more to come possibly 40+.



I've attached a link to Graeme Newings research paper on PHK that forecast a profit of $3m this year which I expect will move up a bit in line with the revised sales forecast.  Graeme puts a value of 69 cents on PHK.

http://www.newingonstocks.com/wp-content/uploads/2017/05/PHK-170518-corrected.pdf