Naughty.!!!
But I love it.!! lol.
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An impressive November for HNZ, though the price chart is now well over-bought, with price rising against declining volume, this rally is thinning out. An interesting pattern has also emerged during 2014, where the breakouts (up) have on each occasion retraced fully before resuming the up trend.
The current rally could of course continue as there is a massive gap to fill back up to the breakdown in 2010 and HNZ is in clear air at these prices. If not, support at $1.13, $1.1 and $1.04 may present good buying or accumulation opportunity. Breakdown below $1.04 appears unlikely.
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No question there's been a big run-up since ASM on 31 October but that's what happens when they announce a Q1 of $11m and it becomes obvious to even "blind freddy" their official 2015 forecast is extremely conservative.
Technically it may be in slightly over-bought territory, I would concede that as the run up has been very fast but fundamentally on a 2015 PE of only 11.6 times at $1.16, (consensus average analyst EPS is 9.95 cps) I think its arguably the best value stock on the NZX when viewed in the context of their track record, past growth and future growth prospects. I'll buy-up large on any meaningful pull-back. I think astute investors have been getting themselves "well positioned" for 2015 and beyond.
W69 will be happy with the announcement of a female Director that appears well qualified for the task.
Yep, some directors will try and tell you they like to be truly independent by not owning any shares. This rubbish never washes with me because I truly believe that the vast majority of people act in their own best interests and its always best if directors have a meaningful stake so they're effectively paddling their own canoe for the benifet of the rest of us...(i.e. interests properly aligned not just turning up for a directors cheque each month.) I hope she buys some more to keep up with Percy and I :)