SP1 southern cross payments ltd

understand you taking some off the table if too overweight. I...

  1. 658 Posts.
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    understand you taking some off the table if too overweight. I have average price in of A$0.157 now, so well positioned. I had planned on trimming position at 22.5c as that would be about 45% profit - but based on the sheer volume behind the recent rally I have decided to pull all standing sell orders and hold on longer term.

    The fact they did a roadshow to institutional investors earlier this week shows they feel that the company is ready to be taken seriously. I am fairly sure they would have been seeing long only firms; probably the likes of Fidelity; as they all have small cap portfolio managers. These guys will take some time to analyse the company before looking to enter a serious position. One thing I feel sure about is that John must have felt he had a good story/catalyst to get the attention of these guys.

    Consolidation here would be a positive, as would good buying support on any selldown.

    This stock is getting very interesting and the small/micro cap fund managers will have a great interest.
 
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