Serious buying today

I notice that the relatively large bulge of shares that were sitting in the selling column at $2.40 for some days were shifted today, and that at 12:45 sales of $1,124,640 had eclipsed what I regard as a typical value of about $750,000. The SP will tend upwards to $2.45 fairly quickly, i think. The 26/09/2014 announcements by both the chairman and the CEO were bullish. Both announcements had a we-have-emerged feel about them.

The Thorn-brand smartphone, the re-entry into play stations and the bundling of data and telephony into deals is significant in my opinion, because it draws in a new subsection of the traditional Radio Rentals demographic - that is, younger people who are, or their parents are, on welfare, or in base-level jobs. One buys furniture and whitegoods only a few times over a lifetime, but smartphones and other electronic gadgetry, and related telephony and data supplies are repeated more frequently. It will be interesting to see how this business pans out.