This dog is way oversold by many standards :)If you read the...

This dog is way oversold by many standards
If you read the most recent AGM report, the company's financial position is very strong.
They have a solid balance sheet that even supports share buyback.
The company is also very optimistic that it will continue its current sales growth and profitability.
I believe they are due for an update for the quarter ending 31 Dec 2023. This should come in sometime this week. Probably tomorrow. I believe last year the quarterly update was released on 24 Jan 2023 and the share price did well after the update was released.
If the quarterly update doesn't come with a confession or some sort of surprising bad news, then we should expect the share price to shoot up given it is in oversold territory.
I will be surprised if they come up with some negative trading update given all the retailers such as JBH and SUL did well after they released their trading update.
I understand that the current share price weakness here will scare some people and make them think that bad news is coming, but I disagree. I think the share price weakness is just the usual market overreaction b/c we have nothing to fear
In my opinion, the current share price weakness is just a buying opportunity. That is exactly what I did today, I topped up.
I was even confident in breaching my own rule of not exceeding 20% of my portfolio. KGN is now sitting at just over 23%
I strongly believe that the share price is about to turn around very soon.
As usual, before a share price turns around it usually goes through a panic selling/buying. This is the time the uninformed players pass wealth to the informed players. I was in the uninformed crowd for many years making emotional decisions and losing capital all the time.
All the best!