Make the drill work for YOU
- Jun 20, 2007
Hi Pixel, Seems you have been all alone in this forum, but happy to join you.multiple orders: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01872992
Could lead to the next breakout.
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I'm holding, and intend to add on the break.
Good luck, beatle;Hi Pixel, Seems you have been all alone in this forum, but happy to join you.
I liked the recent announcement re Eagleview placing its order for multiple SFI cameras, to be delivered in Q4 2017. I'm a bit surprised that the market is so short sighted not to push the price way beyond 10.5 cents, and then subsequently force the price down to 9.6 cents as of today, but it seems that has been the usual path with all of the significant SFI announcements over the past 12 months. I assume this is because the company has been too over-confident with its delivery of certain targets, in particular the CASA/FAA certification process. But with the knowledge that CASA certification is now behind it this should provide some increased level of confidence that finally the company is set to announce first revenue, from its Australian rollout. Of course that revenue will be small, and hopefully build up appreciably in future quarters.
The USA rollout obviously is constrained by the level of delivery of camera systems and is probably unlikely to be substantial until 1st or 2nd quarter of 2018.
Those circumstances are assumedly why the traders continue to push the price down after any temporary up-movement. But at some time soon the market is likely to grab hold of this stock, and knowing that significant revenues are not too far out, I can see the price move upwards appreciably. At that point in my view shorter term traders in the stock will miss the big upward re-rating in SFI. How may gyrations there are before that upswing is anyone's guess, but I am certainly are not chancing on missing out of the whole upswing.
Many thanks Pixel,Good luck, beatle;
At a time when the broad market rallies over 1%, traders' minds are more likely to focus on the big stocks with high liquidity, leaving the "small fries" on the side. Just look at the pitiful trading volumes of stocks like SFI, OSL, PIQ, TOE...
I have learned not to trade against that trend; therefore I exited my SFI trade as soon as I realised that the resistance wasn't going to be broken this move either. That's the way it is with stocks trading in the 9-11c range: Be quick or you lose a significant percentage of your capital.
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Will be interesting to see how this one pans out - grabbed it last year, paid too much for it in hindsight and have been disappointed ever since with the continual issue of new shares onto the market. Still like the story but not so the management and would be more than happy to exit without a loss and move on to other opportunities.terribly confused if this is a thread for SFI or any others.
But assuming it is for SFI, I am glad to see at last SFI has been offered to take over by Eagle View. Hopping 55% premium to existing prices.
I (bragging) guessed the takeover when tipped SFI three months ago and religiously tipping it.
Fortunately for some this month's tipping has gone through the roof. So no way SFI could reach the third spot . I am not complaining as my CVN holding has gone 300% up.
Returning to SFI - interesting question how this price jack will be considered by Joe on the tipping ? 55% premium as paid by Eagleview or as market see the prices.
Keeping my fingers crossed should NEA puts a counter offer to Eagle View. (getting greedy one can say).
Good luck holders of SFI folks
Well said TLS and I fully understand . I am almost on the same boat with loss of 35% until now. If the offer goes well (there are few steps to go until Sept) then like you, I would be on black. Ironically the product is really good but somehow SFI did not have the enough teeth to bite unlike NEA. It is more like MYOB vs XRO. saga - similar products but one is stronger than the other to sell.Will be interesting to see how this one pans out - grabbed it last year, paid too much for it in hindsight and have been disappointed ever since with the continual issue of new shares onto the market. Still like the story but not so the management and would be more than happy to exit without a loss and move on to other opportunities.