Hi All,
I have never looked at this stock before and have just recently become interested.
I was surprised to log in here and see not a lot of conversation on these guys.
Pretty interesting noting this is the biggest in the Australian space and are doing some great stuff.
Wondering what everybody's opinion is on the stock at this point.
Chart shows pretty simple movement - massive spike at the time of announcement and then a slow trickle down to where we are today.
Seeing a bit of buying pressure at the point we are now which is different to the slow trickle we have seen to this point potentially indicating a bottom to me and/or a change in trend.
Additionally, $2 for this stock seems extremely cheap, especially noting that the raise was at $2.5.
Company generated cash for the first time last year, however expenses were significantly up due to wages etc.
Whats the feeling for moving forward?
Please support your comments with factual information.
comments like "yeah we gonna make a zillion dollars in 3 months - buy up now to make heaps" - are not appreciated.
The industry is massive. political landscape is definitely going this way.
This company is at the helm.
Whats your feel?
Thanks!!!
