Good one Joe
It'll cycle from a low (somewhere) to a buck a couple of times over the next few years .....like you worth keeping an eye on and playing with as opportunities arise.
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Craigs last Nov had a target price of $1.33 when EVO was trading at $1.04,and in May this year they altered their target price to $1.20.
Forbar's target price was $1.38..
I made a mistake buying into this story,and was very lucky to escape with both a very good profit and a dividend.
I am very hard on companies who do not do what they say they will do ,and prefer to have a portfolio of achievers.
It does off course take time to see whether a new listing is a winner or a loser.EVO talked the talk at their agm,but have failed to deliver.
I think it is part of being an investor,you have to face up to your mistakes quickly.It is not just buying,but selling also.
Meanwhile over the ditch, G8.ASX has had a fairly decent year or two doing essentially the same thing EVO has done.
The case for investing in EVO at the present value is not all bad.
Good post and something new investors can learn from. With new listings they either produce results or produce excuses. Back winners not excuse makers.
Edit HUGE volume today 22.7 million shares with a vwap of only 75.08 cents per share. I am not surprised at all to see this test all time previous lows and fail. Investors are very "brave" to be holding this one I reckon.
Edit HUGE volume today 22.7 million shares with a vwap of only 75.08 cents per share. I am not surprised at all to see this test all time previous lows and fail. Investors are very "brave" to be holding this one I reckon.[/QUOTE]
Ouch, thats more than 12% of the EVO shares dumped at an al time low in 1 day.
Beagle what is going on, your fine nose should be able to sniff out the finer details.
I suspected issues some time ago but not of this magnitude.
Yes someone stepped up to the plate and got their boots filled that's for sure !
There will have to be some SSH notices posted soon Forest. What I find quite surprising and I'd has at a guess others do too, is that just a 2% shift in child occupancy rate and look at the dramatic impact on the bottom line !...and all this time we thought it was just airlines that were sensitive to load factors lol
Very early on in this thread some on here including Forest and I raised concerns about the standard of care, food and heating and suggested that some of the privately run operators being taken over would suffer under a corporatized model as parents are no fools when it comes to the wellbeing of their precious little darlings and sure enough the chooks appear to have come home to roost.
Yes I agree 100%. Something definitely smell's off and my nose says there's more trouble coming. Saying they are confident that by FY19 things will be all back to normal and fine and dandy...well they would say that wouldn't they ! Downgrades come in three's until proven otherwise !
Bring back Norah........................lol.
Yes, ACC did buy them by the looks...
https://nzx.com/companies/EVO/announcements/306002
Comings and goings.
Regal Funds. buying.
Salt Funds ...buying
ACC,buying and selling.?
Milford.......Selling.
Percy..........Sold.
Alan Wham CEO going.