Normal
Tapped $3.19 on Friday before settling back to close on $3.16. This is still trading below nta and has scope for improvment against earlier highs (since the global financial crisis).I can't help wonder if there is an element of "buy on rumour" pushing the price up in the runup to the report due on Monday. If "fact" doesn't meet expectation the price will most likely beat a fast retreat.From the recent releases I am expecting a good report: Improved result, improved nta from recent sales; possibly a small increase in earnings forecast for next year; small increase in proposed div for next year; and the announcement of a sharebuy back. Sounds like an early xmas wish list
Tapped $3.19 on Friday before settling back to close on $3.16. This is still trading below nta and has scope for improvment against earlier highs (since the global financial crisis).
I can't help wonder if there is an element of "buy on rumour" pushing the price up in the runup to the report due on Monday. If "fact" doesn't meet expectation the price will most likely beat a fast retreat.
From the recent releases I am expecting a good report: Improved result, improved nta from recent sales; possibly a small increase in earnings forecast for next year; small increase in proposed div for next year; and the announcement of a sharebuy back. Sounds like an early xmas wish list
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