Best way to start ANY share investment..... add more only if it meets your expectations. Good luck!
(Disc Holder.)
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When I was put onto RBC the things that stuck out for me wer (in brief)
- IP in forestry (uniqueness of position)
- Debt free with funding on tap
- clear of distracting other business assets (tenon etc)
- book value (as of March) of $0.40
- and I reckon potential of a US market listing
So I am now "well positioned"
How bloody ridiculous of the NZX to do a price enquiry. I mean its gone up from 25 cents to 29 cents in a stock that is thinly traded. Come on NZX you just make yourself look stupid.
I see two stories: 1. the restructure, as you say potentially has strengthened their position (but, to play devil's advocate, companies that have managed to structure themselves into a weak position in the past might not be trusted to restructure themselves into a stronger position); 2. the idea that they have done a lot of research and have built up valuable IP that is now going to be unleashed on the market (replacing low value seedlings with high value seedlings, therefore improving profitability). There is some reason to believe that story I think.
haha speeding ticket for a few quids worth.
Lets hope they are right to be suspicious, but I doubt it.
The anticipation when you see a new announcement, followed by the let down when it nothing
It looked to me like the buyer for about 250k who was sitting at 24 or 25, just decided to pay market to get them. You're right about surveillance team jumping at shadows though, a bit to enthusiastic.
Either the buyer has too much money, is naive in the extreme or is anticipating some really good news.
Balance date changed so reporting on half year should be next week.
Chance of an IPO (compliance listing would be good) now that the decks are cleared of all the debris of split shareholdings, employee lawsuits etc - and the company is now cashflow positive and EBITDA positive.
Anyway, am personally very comfortable this is going to be a several bagger heading into the future. :D