Yes announcements are positive.
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Revenue up, SP down.
Hmmmmm
A bit of interest today ahead of the report tomorrow (and wasn’t all me).
Hopefully, no surprises and strengthening balance sheet will encourage more support.
IKE - IPO from the same broker who brought you :
Wynyard
CBL
Feltex
Intueri
SCF
Credit Sails*
What do the above all had in common?
Then there's
MPG
Evolve
You are a brave lot here investing in IKE! Hats off to your courage!
* Forsyth Barr through its MD Neil Paviour-Smith actually tried to distance the firm from being an active promoter of Credit Sails but was caught bare-faced lying due to emails ('catch flies with honey, not vinegar) which led to the $60m settlement.
I know Mark Waller personally and you should take care & due notice not to confuse Mark's self-confessed love of BMWs, Porsches & Ferraris (which he does not show off) with others who think that owning or being pictured with a Ferrari or other exotic cars in Annual Reports = great company.
I recall very well when Mark bought his first brand new BMW - he was almost apologetic about it as he knew staff and the great Christchurch unwashed envy brigade * would criticize him for his purchase. So he kept it out of sight and enjoyed over the weekends.
* same brigade who thought Allan Hubbard walked on water because he drove and was always pictured with his VW.
If it does as Badly as PLX I probably won’t be too disappointed.
Being a gambling man I am working on the know when to hold them and know when to fold them principle. No doubt if I get burnt a few more times I’ll have to rethink my strategy but in the meantime it keeps me amused.
While the contracts keep coming in I will keep believing the dream.