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- 28 March 2006
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I think I've found the reason for the fall.
Waiting for RM to tell us how he's sold at the top 4 months ago.
You may have to resort to charting to stay ahead of the news skc
I think I've found the reason for the fall.
Waiting for RM to tell us how he's sold at the top 4 months ago.
I think I've found the reason for the fall.
Waiting for RM to tell us how he's sold at the top 4 months ago.
I think I've found the reason for the fall.
Waiting for RM to tell us how he's sold at the top 4 months ago.
Looks like a lot of offscreen sellers pushing it down to $1.60 as I type - that's over a 50% drop since the announcement.
Can management be trusted? Is this a knife to be caught?
Yes I bought a few more today too @ 1.70, but I'm not at all sure of what I'm doing.
Motley Fool Share Advisor put out a note to subscribers today advising a hold recommendation, down from a buy. . . .
Downgrade to $45m NPAT. Wasn't gold price affecting the SP after all so much as civil unrest.
Always the unknown unknowns!
Still if 25c EPS then 12x P/E not at all unreasonable and $3 at least fair value on back of envelope calculation...
What do you guys think?
Skaffold did eventually make a belated adjustment to their valuation of CDA. One of the two analysts covering changed his estimated eps on June 20 by my observation. At least that was when Skaffold registered his new input. That was one weekend and 4 trading days after the downgrade. The other analyst's input stayed the same for so many days that I stopped checking and only noticed today that he's changed. If the estimated eps don't change nor does the Skaffold valuation - and I'm paying $1,330 p.a for this.
Skaffold's estimated eps for FY14 is now 22c with the two analysts inputs within a cent of each other. Only one is forecasting for FY15 and he thinks 27 cps. Valuation now is FY14:$2.97, FY15:$3.53
Bit of a change there from prior valuation and margin of safety - makes charting look a quite attractive alternative.
Companies must come clean as downgrades loom
While EPS growth for the top-300 stocks is tipped to jump to 21.7 per cent in the 2014 financial year, it is safe to say those estimates are too optimistic and vulnerable to downgrades.
While the mining sector accounted for about a third of the earnings downgrades in recent months, financial services firm AMP, food maker Goodman Fielder and Coca-Cola Amatil was confirmation that bad news is not just confined to mining, media and retail.
Their outlook statement suggests that future profitability will most likely mean revert to levels seen in the first half of 2011 and 2012 for 2014. They seem to be implying that the 2013 result was a bit of a flash in the plan. Also more and more "seasonal" excuses as to why this may be is not a good look (they even tried to blame Ramadan!).What have i missed? (Down 20% already today.)
What have i missed? (Down 20% already today.)
The Minelab business remains strong, although the previous record level of gold detector sales into the African market is being temporarily depressed by a number of external factors.
Our sales can sometimes be volatile.......
We enter FY14 without the record level of sales momentum of gold detectors, and therefore we expect to return to profit levels more consistent with the first half of both FY11 and FY12....................
While we remain confident of delivering another good result in FY14, it’s still early in the year......................
It reported today. Revenue up 36.2%, Profit up 96.2%.
Market must be concentrating on the outlook statements such as:
Cheers
Country Lad
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