SPZ 2.48% 59.0¢ smart parking limited

Open your eyes, page-167

  1. 3,323 Posts.
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    I guess it has to be both but the 1 share downs the day before seems to indicate someone wanted the price down. Sellers wouldn't want that would they? My commsec client indication ratios are moving more toward buying
    Column 1 Column 2
    0 No rating is available
    53% 47%
    Sell Buy
    This ratio was about 70 % 30% earlier in the week.

    This ratio measures the number of traded orders (buy & sells) by commsec customers for all trading days during the past 30 calendar days indicating a large swing to buying, by commsec clients anyway. To move that far in a few days when its measured over the last 30 days it must be about 20% sell to 80% buy now.

    There's no reason for that price drop that I have seen. The three or four lines of visible buy sell orders have been small enough that the price would be easy to manipulate up or down.

    SPZ has a real value now that the company is profitable and a has a growing profit. I don't think the price will stay down long but who knows. There seems to be a disconnect between actual company value and share price on a lot of asx stocks. I guess that's buyer sentiment, probably mainly from retail investors.

    A lot of small caps have no profit, only potential profit if all goes well. There's no reason for some of them to not go down. SPZ has a lot of reasons to not go down especially with that great FY18 report but look what happened. All the evidence that I have seen seems to point to Instos buying in at a lowered price IMO but DYOR. GLTAH
 
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