Yes they have gone up over 30% the last few months ,they look to be going back to where they should be
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ooop's a profit downgrade today. https://www.nzx.com/announcements/366162
Disc - don't hold (once bitten....)
But 10m to 11m is greater than 9.3m and they said a month or so 'greater than 9.3m'
So could be a profit upgrade even though they tell a sad story
Nothing has really changed with this outfit eh ...ot will never reach the great heights they make out what's possible. Texans have phrase for that.
If only ARB could get on the green band wagon and be perceived as helping save the planet.
The market does occasionally go crazy for these types of stocks, eg Black Rock buying ‘green energy’ shares.
Sold my CEN for $11 and MEL 9.46. - crazy high prices for utilities.
With the talent/shareholding of the board, I’m hoping they’ll branch out ( pun intended) into something much more profitable.
I live in hope.
Don't they have heaps of accumulated tax losses?
May come in handy one day?
But money grows on trees doesn't it?
I was almost going to pull the trigger on these a month or so ago and sell @ 13
Obviously glad I didn't because now up about 50% since then to 19.2
Volumes not particularly high, but at least going in the right direction.
I went to a Rubicon shareholders meeting 3 years ago. Food was good btw.
The gist of the questions from the floor and answers to them, I reported on the Rubicon thread.
They were:
1. No dividends for 2 to 3 years as cash needed for capital requirements.
2. Name will probably be changed from Rubicon to Arborgen.
3. Listing on the US market is the appropriate path forward. (With listing remaining on NZ board)
So far two out of three :mellow:
I think listing on the US market is still the appropriate path going forward.
Uplift in FY21 Guidance
https://announcements.nzx.com/detail/371942