I'm sure last time I checked one of their half yearly reports their EPS was lower than the dividend per share ....even at 15cps divvy
farmside acquisition was a disaster
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One of the directors must have seen your post - and started buying already at $1.65 ...;)
Details of director or officer
Name of director or officer of public issuer: ROGER MORRISON SOWRY
Name of public issuer: TEAMTALK LIMITED
Position held in public issuer: DIRECTOR
B Securities in public issuer or related body corporate to which this
disclosure relates
Number, class, and type of securities: 10,000 ORDINARY SHARES
I guess 10k shares is not much, but still a positive sign.
Have been watching these fickle sellers for a while now offering no resistance to the buyers hope they are all selling at a loss(Which I'm sure they are at these prices) then they can all kick themselves in the backside when the price heads back deep into the $2 range in due course:cool:
Big downtrend intact with S/P well under 50 and 200MDA. Will keep watching for a cross above MDA which will signal a BUY
JT...that's just way too technical for me;) When the nervous sellers have been scared out and the ratio of buyers to sellers changes from 1 to 10 o a more even amount ...then it may well be the turn...but could be months? I have previously being buying as it slid but this time am waiting for a more definitive upturn or the next dividend whichever comes first.
:)Hey I'm just imprinting my new knowledge(thanks KW) so i don't forget it too quickly. Like your ratio/vol indicaters too BB.
EPS was in the high 14cps mark I believe. They had a few one off costs though and the wobbly integration of the two companies. The fact the market is now valuing this company at almost the same price as before the merger is just crazy and I'm confident that once all the old farmside owners have dumped all their shares on the market it will start to trend up in a more sensible fashion.
Disc: Don't trust me I've put most of my eggs into PEB and DIL both of which are in a bit of a lull :(