Always right to buy at $2.10? :D
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All joking apart, those of us with Opus (OIC) learnt the lesson NOT to read too much into negative comments which ignore the fundamental attractiveness of a company ripe to be acquired.
No warning whatsoever and the takeover at a huge premium was made. Too late to try and get set.
PEB had huge 'unproven' potential in 2013 when it launched its $100m sales forecast with all the razzmatazz of a New Orleans jazz band before Mardi Gras. That is very attractive to a potential acquirer. 4 years on, the band is playing to an empty stadium except for a few diehard fans imo.
Meanwhile, TIL has showed that its products have generated excellent sales and returns - so has potential but increasingly, just like 42 Below and Charlies, that potential is probably best realised by another company.
Anyway, the market is a lovely place to assess & to try and second guess what companies could be up to.
Ethical Investment fund increasing their share:
https://www.nzx.com/files/attachments/267131.pdf
So what's the story with this stock team?
10% expected EBITDA growth looking attractive at current prices, directors have a fairly large share in the game, insto buying up. Ticking a few boxes of mine
I hold, but I'm not looking to add more at this stage. I get the sense that it's at the bottom though barring any bad news\missed targets. But I also think it's not likely to go anywhere much for a while on current forecasts unless there's some further M&A activity (which could happen given debt levels) to add interest and energise the jaded. BAU will probably see things meander along like they have been with the Ethical Investment fund picking up some in the dips (though at nearly 10% I'm inclined to think they're not going to keep buying much longer). A bit out of date, but worth having a browse through if you haven't already: http://www.4-traders.com/TRILOGY-INT...-LTD-20705933/
has the worm finally turned, once PIE are out for good its due for a run sitting at a PE of 12.5x
From a fundamental perspective I think they are undervalued. From a TA perspective - I guess you could claim higher highs and higher lows - but still well below any relevant MA. MA100 is at $1.42;
Still - the Royals still seem to use their products and the giving season is starting soon. My wife says that the rosehip oil is really good - and so I am setting on a good end of year turnover which should help the SP to move into the right direction.