for months, the sell volume has far outweighed demand, which i think is primarily a result of the market not really knowing how the business has been faring, & therefore concluding that no news is bad news. but last week this trend may have floored & started to reverse, as number of buyers/depth now exceeds sellers for the first time that i have observed in a long time on this stock:
i also think some of the recent SP suppression is related to ex founders (James Gong & wife, Vivienne Cheung) selling a substantial amount of their holdings on market, which drove down the share price even further
in addition to the above risks, i think another is that circa 10% of the co's revenue is derived from China (Nouriz & China Walmart/Sam's) & that the trade war continues to escalate. but, as those Chinese customers appear to be served by NZ operations, it's not as large a risk compared to if they were contracts with the Keytone Australian business?
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