That was prescient, the day after ... 'boom' on massive volume. Look at the course of trades for the day and the big numbers changing hands and the crossings at close. Someone big wants out.
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I have this bit of software that goes through the days share price movements and flags up things that have moved a lot.
Unfortunately today it put VGL on the list.
In days of old when I held this stock and hardly anyone else talked about it I was always baffled by the ridiculous price it traded at to the extent that I eventually sold it for something more comfortable.
So three years later and what do I see?
A company achieving world domination but not making much money doing it.
A company still trading at a ridiculous price, even after the collapse today.
Why anyone would think of buying into this now is beyond me.
Enlighten me :mellow:
Disc:
Currently go to the movies once a week on 9 ringgit days.
Last week watched:
Makmum [ :) :) :) :mellow: ]
http://www.cinema.com.my/images/movi...kmum00_450.jpg
This week praying that I can find something better than:
The Art Of Racing In the Rain: [ :ohmy: :ohmy: ]
http://www.cinema.com.my/images/movi...rain00_450.jpg
Probably the same reason why you bought it then in the days of old and would sell for the same reason you did. We will see and as I said before, it was always been gut feel that guided me on my punts when a stock is down.
disc: would only go to the moviehouse on a blockbuster show as I get most of my sports/movies on free streaming
Recent presentation Vista were raving about their revenue growth of 29% pa (CAGR over 4 years to 2018)
Yesterday they said they were targeting ‘over time’ 13% to 18% pa revenue growth
That’s a massive drop in expectations ...no wonder a massive market response yesterday.
pe over 50 is high for a company with declining growth forecasts
LOL. Clever you. I've no software, the daily NZX top gainers/decliners list does the trick for me. ;)
I doubt I can enlighten someone with your skills (or software!?) and I'm not here to defend VGL, however the same criticism/comments have been made in the past about many of the current 'success' stories, e.g. XRO, ATM to name just two recent ones.
Small to mid cap companies which have a high risk component offer immense returns if they do manage to turn their "world domination" into profitability and become 'large cap companies'.
This week VGL alarmed the market with their announcements of slower growth and they have been punished as a result. I suspect they are being very conservative in their projections and will continue to watch their progress with interest.
Keep watching your movies SL and maybe VGL will have a happy ending!
Insiders still buying
Good sign
Getting Hammered at the moment!
Still going down..... thought the bottom was in at $4.00, obviously not!