More big share transfers. More downward pressure. Still no quarterly update. :(
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More big share transfers. More downward pressure. Still no quarterly update. :(
IMO GOOD news comes out early , BAD news come out late or just before the required deadline, !!! not a good look atm !
Still heading in right direction with ‘solid growth’ reported
http://nzx-prod-s7fsd7f98s.s3-websit...712/293941.pdf
Hard to say. They used to be one of the first with this technology, but they are not anymore alone in the market - and I learned quite recently that Navman is offering now quite similar products.
https://drive.teletracnavman.co.nz/lp/ppc/ruc/a/
This might be better news for consumers than for ERD shareholders, but I haven't yet seen a consumer focussed comparison of the products - i.e. don't know how big the threat is.
$2.00 beckoning fallen 50% from its high, even though its numbers are good is there something wrong here ?
Well, I guess they are basically a growth story with very limited (proven) growth. Markets don't like that so much these days. From my spreadsheet (last updated 20 Feb): forward PE (based on potentially optimistic analyst forecast): 98.3! backward PE is negative (i.e. more losses than profits). And all this coming with a forward (earnings) CAGR of less than 15. Sure - revenue CAGR looks better - but what is revenue growth without earnings?
I guess there are these days just so many better propositions around.
Pity - I did hold them twice and lost both times money. They are now in my "avoid, but keep learning from them" drawer.
Updated trading and state of the nation along with the biggest order for units from a huge private transport operator for next year give market comfort today which has resulted in steady buying today.
I have never seen anything like the trading today, someone keeps loading the sales up and keeping the sales at $2.20 all day, so far all of the sales bar the first 3 or 4 have been at $2.20 since the update announcement was made.
How can this happen in an orderly market?