looks like shares are being lent to shorters by big insto's given the announcements by morgan stanley , ubs
http://nzx-prod-s7fsd7f98s.s3-websit...547/308394.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...546/308393.pdf
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looks like shares are being lent to shorters by big insto's given the announcements by morgan stanley , ubs
http://nzx-prod-s7fsd7f98s.s3-websit...547/308394.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...546/308393.pdf
Looks like we are headed for sub $13 today, I wonder if that snippet of a comment in the financial page of the Herald has people thinking , its re BAL in Aust?
Holders of this stock are basically caught up in a Game if Thrones currently, UBS/Morgans/Citi are pulling down the SP for their own purposes and it has nothing whatsoever to do with fundamentals it's all about mopping up as many cheap shares as they can from weak hands.
Not sure how we all missed this but thanks to JBinvest from HC for posting the link re conf call following FY results this year in Aug. Almost an hour long so set some time aside and listen for those that're keen.
Beagle has laid out the bearish case very well and there is definitely been a change in the fundamentals which shouldn’t be ignored. The fundamental change is Jayne doubling down on marketing and sacrificing EPS growth for revenue growth, something very common in high growth stocks and imo not a bad thing.
The marketing team at ATM have always been praised as they’ve done an exceptional job so far, I think once again doubling their budget will pay off and it’s not like there’s a shortage of $s to push harder with a proven strategy. I don’t think all the low hanging fruit has been picked or that sales growth will drop off as fast as some believe. I suspect Jayne’s wording was used to lower the market expectations as things were getting a bit stupid at $18 but 10% market share is very much on the cards over the next 5 years.
I bought back the all the shares that I sold at $17.94 + some at the close yesterday, catching the falling knife when the RSI hits 30 has worked very well for me in the past with this stock.
Market will do what the market does - we are but minnows against the big boys in the short term when it comes to them influencing the sp.
But what we can do is manage our own emotions and reactions to the price movements and fluctuations.
Being a high PER stock, ATM is unquestionably also a high risk stock - it cannot fail to deliver on the high expectations built into the sp.
We have seen what happens when it misses expectations by just a bit in the last results - it is called PER contraction.
W69 and I have always talk about downgrades coming in threes - hope ATM is an exception rather than the norm.
Meanwhile, pays to keep safe by not being over-exposed.
Just finished listening to earnings conf call. For a start, it was done very professionally and articulated well both by Jayne and Craig (CF0) and Peter Nathan.
Only first 10 or 15 min was re numbers and other bits and pieces relating to FY results and remainder was all Q&As from Analysts. Very informative and clears all short term noise from various online posters on different forums. The way I see it is that couple of Instos (like UBS) and shorters miking it in the short term on perceived weakness of fundamentals, which is not case at all once you listen to whole transcript.
In summary, if you're in for long term nothing to fear about day to day price movements. They've very clear strategy ahead and are investing accordingly to execute that both in China and USA.
Will try and attend ASM in Nov as its being held in Akl this year.