The selling (for Mon and Tues only) has been dominated by WilsonHTM who sold some 857k of the 1267k traded on those 2 days. This is very likely some insto stock coming out ahead of the results this am. I am not aware of any sell recommendation (silent or otherwise) coming out of WHTM...not even sure if they are specifically covering NEA any more after their originating analyst jumped ship a year ago. Could be Paradice letting some go. In a few hours, we'll all know if the trade was correct (at least in the short term)
This morning, I'm not looking to P&L at all as there will be larger than usual below the line items such as increased employee expenses, platform, US regulatory and patent, expenses. I think most of the increased capture costs for the LA region will impact this half (probably an additional $500-750k?).
It all about Revenue/Income growth and any wisps of info concerning progress in the US. I'd be expecting Revenue to be slightly north of $18m (in line with Paterson research).
GLTA and cheers,
NEA Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
