AYG is certainly a potential turnaround candidate. trying to shift from dog to star in that BCG Matrix, their IT segment's rev went down nearly 10m last year but costs still remained relatively high, there is no other way of going about it, cutting costs is the only way out. their cloud/services seems to be expanding at pace of 20% at high margin as well (without taking into account of Tasmanian govt contract), reckon they are on the right track, I think read somewhere they are only running at 50% capacity with their cloud/services.
JMB + Fib's COM etc, wouldnt have mentioned if I was trying to buy in stealth a big stake in them LOL. very nice stocks, watched for a while, keep waiting for money to become available so I can buy but Im loaded to eye balls already on other stocks, so might as well share em.
tho all of them will be dealing with cheap shares from CR. AYG to 7Nov to place shortfalls, JMB 1.2c, COM 1.5c
but I have learnt to try to work with those CRs rather than running for the hills & never look back.
right volume/sector/ratio of tight stocks vs loose stocks will always wash through the free floats if the stock is a real deal, just takes longer
MNW's 10c raising was a prime example of that.
going to watch how ABN reacts to its 2.7c raising. odds are coupla days soak up then go higher
