FNZC must have just bought 300k shares back in house(No sp tag beside transaction)
FNZC must have just bought 300k shares back in house(No sp tag beside transaction)
Imagine the disappointment if they come out and confirm trading conditions are bad and even worse than anticipated late last year. The silence from the company is deafening...wonder why...
They only said lower npbt was a ‘possiblity’ if certain things happened.
That’s not a profit downgrade.
The market had overreacted big time
The ‘silence is deafening’ is a bit of no news is good news -
Npbt of $35m is an eps ~29 cents - much higher than analysts expect
And then the market will appreciate that all this ticket clipping is working ....big time
And I’ll be happy and beagle won’t see his 2 bucks
Well, buyback can be only 30% of the volume - can it? The other 70% must be genuine interest.
But obviously - as long as the SP is dropping it means there are more keen sellers than keen buyers. Add the share buyback it must be less than 70 buyers to 100 sellers.
Anyway - I just wanted to highlight that we had higher volumes before and SP was dropping nevertheless (after some plateauing). Will it be different this time?