Was a good shopping day for the buyers on the ASX yesterday. 20% kick in one day
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Only Monday but another huge win for IKE
News coming out every day now …seems like it
http://nzx-prod-s7fsd7f98s.s3-websit...727/414624.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...727/414624.pdf
these huge wins for IKE supposed to help the SP but maybe doing the opposite. I.e. punters thinking wow if you are reporting your 'big wins' and they are only $400k its not good.
$400k today and $266k the other day.. lets be honest, is rats and mice stuff
IKE set a new 52 week low today. 40 cents. And the market depth showing no bids? Grim....
The downtrend is unstoppable it seems. Have to wait for May as well until we get the next update.
Only hope a takeover at 80 cents?
Certainly a dismal SP performance, punters just don't seem to believe all the good news around new contracts and new recurring revenues, SP has been hammered constantly since beginning 2023. Nothing they say has made any difference to market sentiment recently.
Would be sad if the only redemption was a buyout at some serious discount to previous SP highs, especially after so many 'wins', albeit punters don't value them currently. I'd prefer to see them continue with BAU and ignore the SP, and defend any takeover offer below $1.20
Just another one of many NZX listed's, esp tech, that are in the doldrums .. some might see that as opportunity rather than a problem. Don't be too quick to sell the silver, markets change their minds.
Have they turned a corner? Tune in to find out.
http://nzx-prod-s7fsd7f98s.s3-websit...527/416703.pdf