Thx GW dog. Needing some encouragement after Rugby World Cup loss.
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And another great jump in price. What I predicted would happen, happened one month later.
Be 60 cents by announcement date …some keen buyers out there
That A$0.60 too
Wow just logged on and saw today’s increase. Good stuff.
leaky ship? Something big about to be announced?
Leaky ship, LOL you, spend too much time reading the numpties on Hotcopper mate, everything they miss is a leaky ship, LOL?. It's all already been announced, just waiting for a bit more detail at the HY. You onboard already, or missed the run up so far?
TSK/PLX/VML, they've all had a history of very big bolting moves upwards on news, and a slow erosion on no news, until the next news! Ideal traders stock, but need to be in before the news or at the news, or end up chasing it upwards, or worse, getting caught near or at the top and selling at a loss later, or holding at a loss until the next news.
Thing is at the moment with the move to ASX primary listing and delist from NZX, the ASX spread on bid/ask, it's next to illiquid so the wide spread is forcing quite large moves on low volumes in SP for anyone who wants in. The Ask is shallow as well, only going to 0.60 last time I looked.
I expect that will open up a bit, maybe a lot, as the word gets out about this successful company turnaround/takeover. Just McD's they're serving over 330 million users worldwide, pretty impressive for an ex-NZ company, and still expanding.
Aussies might be waking up to their 'local' success story, $30m in the bank on a $150-$170 market cap, new customers in the USA (exciting), expansion of McD's into SE Asia, and a few customer implementations underway. Profitable as well, quite the turnaround from a year ago.
Easy to miss the 'get onboard' call, but if SP history continues to play out, there's still some time before the HY, otherwise you'll probably get another bite of the cherry leading into the full year six months from now, albeit probably at a premium to todays price.
Simply Wall Street, “currently 67.7% below fair value. Earnings to grow 88.91% per year, no risk”. Why wouldn’t you hold this stock. Are the Aussies switching on.
Throw in AUD converting to NZ dollar as icing on the cake.