My casino is a bit strapped for cash... lol. Another NZX disaster.
Printable View
My casino is a bit strapped for cash... lol. Another NZX disaster.
Alan Gray as a shareholder or buyer of whatever you own is a very, very bad sign.
Massive knife catchers...can imagine the interview process at the fund... give the interviewees a bag to hold and leave them somewhere for a couple of weeks... if you come back and they are still there then....
it does work out for them long term though, I looked at their returns. Pretty decent.
Getting absolutely pumped lately though. Sadly they havent been my exit liquidity on SKC, naieve of me.
might turn into another $1 stock. so many around these days.... STU, NZX, WHS, GXH, ARV, HGH, CVT(?) - reckon we need a poll soon... figure out who punters think would win the race up to $2 bucks the fastest.... i must confess, I actually thought SKC was going to close out some of its compliance uncertainties, make guidance & kick-up.
hard to make money on the NZX these days. almost everything going backwards. got to play the long game.
$1 Billion market cap (Almost dropped below it at low of the day so far).
“$1 stock” is a fairly meaningless designation though, as it says nothing of the market capitalization, earnings growth or share price performance.
There are “$1 stock” companies on NZX worth under $50 million, and there are some worth more then $1 billion.
There are “$1 stock” companies on NZX that are down 50%+, there are some that are up 50%+
Reminds me of the time I was talking to someone who decided to invest in Napier Port at something near $3, I asked them why and they said because Port of Tauranga was trading at $7, so in his mind there was no reason that Napier port share price shouldn’t also increase to $7. I had no words.
Quite a few people use this logic and think $1 shares are cheap and $10 shares are expensive without any reference to earnings per share or dividends per share. The old timers on this site may remember Brrieley investments and their bonus shares. It was just an administrative waste of time but many of the shareholders luxuriated in it.