Here is the softener ahead of cap raise
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Here is the softener ahead of cap raise
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This all seems very positive to me - Didn't need to raise capital on market.
Cap raise @ 80.5c. Higher margins. The Works has a higher t/o per employee. Seems to have good synergies but what do i know. Margin of error for good execution? PDF
Don't want to put more funds in to the cap raise atpit and the earnings are at the lower end ,(11% of the 10 to 15% guidance ). management said upper end; i have read . So have sold and building my warchest of cash which i feel is prudent for my situ doing at the mo.
On on a day of indecision I made some very big decisions.?
With RXP's 2nd half not meeting expectations and thinking they may have paid plenty for The Works, I first of all sold half my holding,then the balance of my holding.
it finished today at highs so I am holding for now. will be exiting pronto if any weakness in the sp though.
SP down 12% to $0.77 after the ASM, whether this because of, or in spite of, page 10 of the presentation (pdf) I know not.
Best Wishes
Paper Tiger
Such is investing :ohmy:
Good point - perhaps that was the CATalyst?
I sold half of my holding back in August. Didn't see sense in swimming against the industry tide at the moment despite a positive outlook and trading at a PE almost too low for their growth.
Empired EPD down 17.4% so far today on no news. Someone is really exiting the sector in a huff. Luckily sold all EPD for a modest profit last month.
Last year when I sold, at a loss :(, my RXP, a fat paw typo saw me left with 20 shares (apparently there is no minimum holding size on the ASX).
The full year was released last week and seems to have been mildly well received by the market with the SP putting on 10% or so.
They appear to have repeated earlier statements that the worst is behind them, the present is on track, the future is looking rosy and they expect to do better and better.
But to cut a long story short I am considering at least doubling my holding in them :mellow:.
It has come to intention that the SP has been galloping along the last few days.
Good results due?
Glad I sold out at 54c at a considerable loss. In hindsight a good thing - a new trading update and shares down nearly 20%
Believe or not, I personally don't, but I seem to still hold some of these things.
SP has been on a nice gallop up from 20c in March to 37c yesterday (but was 55c last year).
Results out and ignoring the impairment they did an EPS of nearly 3.5c and dividends for the year will be 3.5% ( nearly 10% after tax ! ).
This is worse than last year but next year will be great, now where have I heard that before?
Definitely DYOR on this one.
https://www.ephotozine.com/resize/fo...1hAWoxXFNGLSI=
Capgemini putting us long suffering shareholders out of our misery for $0.55.
Not one of my most successful long term investments. :mellow:
https://stocknessmonster.com/announc....asx-3A555111/
Just saw it. Made my sales at 86c and 50c an astute decision.