WTF! sp just dropped near on a dollar! What? did they have a riot there ?
Oh well, bargain time, been waiting for a dip in something to take up more, looks like it's TIL
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Was hoping for a better afternoon tea. Some dry scones, little cake slices with cream on top and a plate of pineapple, kiwifruit and grapes.
That guidance just told me my DCF assumptions were a load of rubbish
Guidance doesn't even beat my (highly) conservative scenario and that had a DCF value of $3.15
Must be spending heaps on 'investment for the future' to have such a low guidance.
Not really enough to go by yet so need to wait for half year financials to see where the cash is going - hope it nots more investment in candles
Ugh. Didn't play my cards right with TIL. Ahh well, didn't lose money. I'm out. (for the second time)
Needing to accumulate cash for property.
Sold 40% of holding a few weeks ago @ $4.51..
Not clever .. Needed some cash .. I am happy that I picked this stock to sell though..
Could have been SKL.. ( gone up )..
i think when they said "F17 outperform market growth" everyone was thinking about 30%+- growth exclude CS, and that supported 30PE...but now if you exclude CS, we don't have much growth left..
TIL is one of my major holding (about 13% of total investment before today's drop) so i took a big hit :(
Pretty big market overeaction imo, managed to sell out at $4.40 when the market first started to react only to buy back in at $3.80.
Still believe in the long term story of TIL.
Note: CVT and TIL are very different business:
For starters: CVT makes a product that 'only' increases in value and is very hard to produce to a high quality in the world on a mass scale, TIL makes nice products, but anyone can make them in their garage
The reaction therefore will be different: for example, CVT did not immediately fall 18% in a couple of minutes
Also interesting how winner69 has seemed to have had a massive change in heart ;)