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.
TGA Price at posting:
$2.42 Sentiment: Hold Disclosure: Held
