WYN latest announcement bit like the Canterbury farmer I heard on the radio this morning 'the weather man says it'll rain next week but it doesn't come, it's always next week'
Maybe in WYNs case it will be a case of 'it never rains but it pours'
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WYN latest announcement bit like the Canterbury farmer I heard on the radio this morning 'the weather man says it'll rain next week but it doesn't come, it's always next week'
Maybe in WYNs case it will be a case of 'it never rains but it pours'
Could the media paint today's Wynyard news in a more negative light? :
http://www.stuff.co.nz/business/indu...in-for-wynyard
Hello. They won a major(ish) contract and yet the media focusses (again) on the chance of them missing their earnings expectations even though he SP now had reflected them possibly missing, by dipping recently.
Last gasp .... please. The media did the same with Xero recently - trumpeting that they were the worst performer in the NZX50 for 2014, even though they are up upteen percent from their IPRO price in very short period.
Not all of us are traders, or short-sighted people.
The media are sure quick to trumpet the dairy sector .. we need more diversity and less negativity in this country.
If not a trader then you don't need to worry do you,just market noise for you.
But agreed the media always go for the more sensational approach even if only in a small way in that announcement.
But you must agree it is disappointing when a company comes out with such a statement that a lot of earnings will be deffered until next half.
Couldn't even get the IPO date right (stated listing 6 months ago). Sigh...
Wonder how much longer Sammy Morgans going to hold the SP up?
That is the nature of the space they are in. Yes, when you compare WYN (or Xero and PEB for that matter) against traditional established companies, it does appear toppy. However (as I suspect you know) it is the potential that is attempted to be added into the SP. This is the trick - understanding what 'that potential' realistically is, by understand their space.
Any sub-$2 dips have enabled me to accumulate for the long haul. Patience. Patience. Let the story build.
Until terrorism, crime and vice go out of fashion and world peace breaks out, WYN is an excellent choice with great products in demand … long term hold and accumulating.
I have very little doubt now that this...
is this...
https://www.anzsecurities.co.nz/Dire...spx?id=3784630
Looks about right. Though funny that Wynyard didn't disclose the name of the customer (they normally would, unless the client does not want to be named). But than ... why is the client afterwards running to the press? Looks like a nice little communications break down - or a leak in the sheriff's office (which would be sort of concerning).