TMO - Tomato Technologies

Is TMO a good buy at the current price(0.465) to buy more and hold or shold i sell those,that i already own.Anybody with information please advice me.

Is TMO a good buy at the current price(0.465) to buy more and hold or shold i sell those,that i already own.Anybody with information please advice me.

Singh,
Welcome to the forums! Hope you enjoy your time here, but please be aware that only a qualified financial adviser can give financial advice. Also read the ASF 'code of conduct' please before posting further (at the foot of each page). Thanks.
RichKid
Moderator

Richkid
Thanks for your advice, can i ask for opinion (or not allowed), from next time if i use the word opinion it may suit i think rather than the advice. I read lots of the messages from other members in the forum and to me it seems like when they talk about any particular stock they ask for the opinion from other members.
Thanks for you response.

Richkid
Thanks for your advice, can i ask for opinion (or not allowed), from next time if i use the word opinion it may suit i think rather than the advice. I read lots of the messages from other members in the forum and to me it seems like when they talk about any particular stock they ask for the opinion from other members.
Thanks for you response.

Hi Singh,
I suppose there's nothing wrong with people sharing their personal opinions, but they should not be construed as financial advice. Many have disclaimers in the signatures (as do I), we don't want to get sued. You could start off by explaining why you bought and if there are any other issues you would like to discuss you could provide some details of your reasons and others may respond. Sometimes no one is interested and the thread just dies, the forum code of conduct and the FAQ will provide guidance on how to use these forums. I noticed Tomato was mentioned in Shares mag or another financial mag sometime ago, maybe you could have a hunt for it, was a month or two ago from memory.

Well, I thought this thread may as well get resurrected.

I have been watching this stock for more than 6 months, seeing a (false) rounding bottom, I believe the reason it was false is because the volume did not spike as high as the Feb06 spike. Now we see a continued trend channel in the downward direction.

Sellers seem to have started panicing slightly, with a drop from yesterday's close of 0.21 to 0.19 so far today.
The company still pays a dividend, etc so I don't see any reason for it to go down the gurgler, but looking back in time the current price is obviously very low.

So I'll be looking out for the trend to reverse...it's just a matter of when.
The company has a new director who was appointed not long ago.

http://www.rascal.com.au/~silence/tmo_ax07dec05_to_10jun06.png

And yeah my analysis is fairly primitive but I'm quite new to it. I'm teaching myself from Edwards and Magee's "Technical Analysis of Stock Trends". A very old book but one of the best I've seen so far.

Thanx for breaking your silence, I also know TMO to be the owner of the Star Trader Software. Glad there may be a turning point. If I purchase 1000 shares I will be entitled to sum free data. May be a good thing, don't you think?

Still not looking good for the share price now, only tiny buy orders between 0.165-0.18 so it may well fall to .165 in the short term at least. I think this one is in for a long rounding bottom / saucer formation.

I had this ages ago and made good money on it at the time, but sold it as soon as it went down, for it was to my mind clearly just another IT trading stock. They sell very expensive software, from what I remember, and had obviously had a good run with it, but I presume they became less successful at finding new people to flog it too. In my own humble opinion I feel well rid of it, but I may be completely wrong in my assessment, and wish any other buyer good luck.

Ok I recently bought in after it bounced off the bottom at 0.145 or so, now this evening we have a nice announcement:



STRATEGIC AGREEMENT WITH ASSOCIATED EQUITIES PTY LTD
In accordance with previous announcements of intended marketing innovations, the
Company makes the following announcements.
Today, TOMATO’s subsidiary and marketing arm (MCI Technologies Pty Ltd) entered
into a strategic alliance with stockbroker ASSOCIATED EQUITIES PTY LTD,
commencing 15 July 2006.
As part of this agreement, ASSOCIATED EQUITIES will provide substantial cross
marketing, introducing its extensive customer base to TOMATO’s products.
In return, ASSOCIATED EQUITIES will offer TOMATO’s new and existing customers
a full suite of stock broking services provided by a licensed stock broking firm, including
online trading in equities, options, CFD’s, broking advice, market research, and updates,
all at very competitive rates.
To reward all customers (new and old) who use the services of ASSOCIATED
EQUITIES, the alliance has incorporated a loyalty program provided by Trader Rewards
Pty Ltd. Our mutual clients will earn leisure dollars which can be redeemed against a
wide range of accommodation and leisure options within Australia and abroad.
This alliance enhances our ability to offer stockmarket data and software packages to a
much larger target audience, as well as incremental positive contributions to profit via
service fees from trading with ASSOCIATED EQUITIES.






NEW PRODUCT RANGE
With the intent of providing a product designed for the B2B market, TOMATO has
developed more streamlined and less costly versions of its existing products.
This new range, which will be announced shortly, incorporates many of the basic tools of
existing products, but is aimed at an entry level for small and medium size traders.
It will be marketed on an entirely different platform through financial advisers in each
state of Australia, and shortly around the world.
This move is a complimentary avenue of sales to TOMATO’s past marketing methods of
direct sales. It will greatly enhance TOMATO’s ability to sell more product at a reduced
cost, and achieve greater profitability.





STATEMENT BY FOUNDING DIRECTOR
Jamie Pickering, TOMATO’s founding director and major shareholder, commented on
these developments positively:
“Over the last six months, we have seen that traditional marketing methods alone were
not keeping pace with the interests of consumers in this decade.
We looked at our product, enhanced it, and then took advice about how to increase our
market share.
Even though TOMATO made healthy profits for the year, the company has been
revolutionized, and will meet the market head on. We don’t say that there will be an
immediate uptake, as all new strategies take time to work.
However, our products will now be in the face of 5 to 10 times more customers in a
lucrative market.
The board and staff relish the opportunity. The next years trading will be very exciting”
These announcements are made in compliance with the company’s continuing
obligations of disclosure pursuant to chapter 3.10 of the ASX listing rules.


Could be worth selling tomorrow, I'll have to see how it goes. I have a price target in mind but I'm not sure how the market will take the announcement after the constant downwards slide in the price.

tmo...

i think its just kicking into some serious upward movement.

yielding stocks are tuff to find. 8% yield.

opinions?

its not mining but worth a look i think

I'm still game and pick up for 0.25 cents.
It has no debt on its hard and ROE and ROC looks good and forecast earning looks ok too.

Tomato Technologies had a name and code change in mid 2007 and became AAS - Asian Pacific Ltd...it didn't help them, the SP continued to crash and they haven't traded since Mar 08, last traded at 0.022

Were you still holding at the end ROE???

Tomato Technologies had a name and code change in mid 2007 and became AAS - Asian Pacific Ltd...it didn't help them, the SP continued to crash and they haven't traded since Mar 08, last traded at 0.022

Were you still holding at the end ROE???

nope those was the day of foolish game and aimlessly buying stock :-)
lot more discipline these days.... Once I discovered value investing

and its discipline I cut ties with all stocks that no longer past the test or doesn't offer quality...make money or losing money I face the brutal facts and let them all go...Luckily I didn't lose much all up I lost about 20K.

So that the mistake I love to make...enough damage to wake me up
but not enough to cripple me to continue to invest and soldier on

the result has been remarkable since :D Many stocks has since return far more than 20K lost in the time of un-discipline.

The more I learn about value investing the more I realise how stupid I was at the time... Got no one to blame but me...

Man can only learn 2 ways: by making his own mistakes or learning mistakes other made :D

nope those was the day of foolish game and aimlessly buying stock :-)
lot more discipline these days.... Once I discovered value investing

and its discipline I cut ties with all stocks that no longer past the test or doesn't offer quality...make money or losing money I face the brutal facts and let them all go...Luckily I didn't lose much all up I lost about 20K.

So that the mistake I love to make...enough damage to wake me up
but not enough to cripple me to continue to invest and soldier on

the result has been remarkable since :D Many stocks has since return far more than 20K lost in the time of un-discipline.

The more I learn about value investing the more I realise how stupid I was at the time... Got no one to blame but me...

Man can only learn 2 ways: by making his own mistakes or learning mistakes other made :D

I have a very similar story ROE ...... was the first stock i owned when i started to get into shares seriously back in 2007. Came across them through purchasing some software from them and that was the only reason i purchased shares. I was very inexperienced and naive at the time and have learnt sooooo much since that time. I lost my whole holding but wasn't a huge outlay at about 3K if i recall correctly. Anyway, as long as you learn from your mistakes and use the experience to improve your strategy going forward ...... its all good! :D

I have a very similar story ROE ...... was the first stock i owned when i started to get into shares seriously back in 2007. Came across them through purchasing some software from them and that was the only reason i purchased shares. I was very inexperienced and naive at the time and have learnt sooooo much since that time. I lost my whole holding but wasn't a huge outlay at about 3K if i recall correctly. Anyway, as long as you learn from your mistakes and use the experience to improve your strategy going forward ...... its all good! :D

You're not alone, I know people who were enticed into buying the software and TMO shares as well.

I never bought either. Not my investment/trading style or prefered market sector.

nope those was the day of foolish game and aimlessly buying stock :-)
lot more discipline these days.... Once I discovered value investing

Man can only learn 2 ways: by making his own mistakes or learning mistakes other made :D


I have a very similar story ROE ...... was the first stock i owned when i started to get into shares seriously back in 2007. Came across them through purchasing some software from them and that was the only reason i purchased shares. I was very inexperienced and naive at the time and have learnt sooooo much since that time.Anyway, as long as you learn from your mistakes and use the experience to improve your strategy going forward ...... its all good! :D

I made some mistakes back in 2007, i vaguely remember looking at TMO :dunno: the bulk of my non CTO mistakes came as the market fell in 08...i like having a plan now and feel ive also learn alot to...i think its really easy to make mistakes at the top of the market 07, looking for value that's not really there.