looks like buyers stepping up, lots vollume through on open, perhaps it bottomed out:t_up:
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looks like buyers stepping up, lots vollume through on open, perhaps it bottomed out:t_up:
#1 purchased stock on the ANZ securities list last week and #2 the week before. This stock is a punters paradise...apparently.
People don't seem concerned that the country in which the company has most of its stores has really low consumer confidence and the outlook for economic prospects is challenging.
Nor do they appear to be concerned that the currency is a new headwind for the company (exacerbating pressure on gross margins) in the present half year having fallen significantly in the last 6-7 weeks.
It must be cheap right:p after all it was $3.90 last year.
Its there for those sheep that think following the herd is a good idea :)
The Chairman, a Director and the CFO all seem keen, can't be a bad thing.
Chairman is David Kirk - also on TME, was on Fletchers.
Also IIRC setting up an 80's style investment company to invest in tech companies.
Hmmm.