NAN - Nanosonics Limited

[aus_trader]

It's trading at an eye-watering PE, even on forward earnings forecasts.

Agree, really high P/E of over 100 !
Would be interesting to see if earning can keep up with share price growth going forward...

I don't know, but what I do know (according to pic below) is NAN was the biggest gainer on the ASX today. What a massive jump !

 

[qldfrog]

Hopefully you are still in the stock. A big jump-up (and gap-up) today based on better than anticipated results, opening at $5.90 and closing at $6.50. [edited, oops, I was looking at the weekly graph earlier].

Sadly, system said sold, at a loss of nearly 900$ on Monday.a win for someone else

 

[Skate]

Sadly, system said sold, at a loss of nearly 900$ on Monday.a win for someone else

Hi @qldfrog

My Hybrid Strategy gave a sell signal as well & looking at the chart you can understand why. Rebounding just after you sell it does mess with you only to 'pour salt on the wound' with a signal to buy on the next bar. Where as the CAM strategy is still hanging in there.


HYBRID Strategy chart

CAM Strategy Chart

Skate.

 

[tinhat]

I reckon NAN is about to pop! Cup and handle formation on the daily chart:

 

[Knobby22]

This is the sort of company I like and I have completely missed it.
Remember looking into it in 2011 and being unconvinced at that stage.
Can't justify buying at these prices but will be keeping an eye on the company in the future.

 

[tinhat]

This is the sort of company I like and I have completely missed it.
Remember looking into it in 2011 and being unconvinced at that stage.
Can't justify buying at these prices but will be keeping an eye on the company in the future.

No pop today. I thought the same recently until it retraced to $6 and I bought in. There will be another retracement. Sure it is a super-expensive proposition right now but tell me at what price was CSL too expensive to buy into over the past fifteen years? $10, $50, $100, $200? Hint, I sold my CSL shares at $30 years ago and never got back in because I thought I had missed the boat. How stupid do I feel now? I'm not saying NAN is going to be the next CSL but they are shaping up to be the player in a space they basically invented that is rapidly becoming the industry standard for best practice for sterilizing medical equipment.

 

[Trav.]

No pop today.

But it do go on the following week so I hope you did well.

I got stopped out of a trade here last week but will look at another entry as I expect that the SP will follow the direction of arrow

$6.68 is the high from 27/8 which will be another confirmation of trend if broken. Also it is very hard to interpret volume on the last couple of sessions due to the xmas break but will be watching closely to see how we go.

 

[tinhat]

But it do go on the following week so I hope you did well.

I got stopped out of a trade here last week but will look at another entry as I expect that the SP will follow the direction of arrow

$6.68 is the high from 27/8 which will be another confirmation of trend if broken. Also it is very hard to interpret volume on the last couple of sessions due to the xmas break but will be watching closely to see how we go.

View attachment 99327

I managed to buy in at $4.80 just before that gap formed on your chart but subsequently hit a conditional falling-sell stop loss at $6. I won't be using conditional sells any more because the algorithms of the bots are very good at shaking people out as in this case with me. I bought back in at about $6.50 and I'm not looking to trade it any further. I am looking to accumulate from here and hold for the long term.

 

[Trav.]

NAN is another in a strong sector which is attempting to hold a BO > $7.60 and ATH $7.70 created today, only to close a little on the low side - is this a sign of weakness?

Definitely one to watch and not held

 

[Country Lad]

......only to close a little on the low side - is this a sign of weakness?

Not from where I am looking at it.

We were going to travel and likely out of mobile reception in mid November and not being comfortable with the market I sold this one and a few others on the basis I can always buy them back. Out of the country and missed it mid January.

Now all my signals make it a buy and will do so tomorrow if the market is behaving and it continues with its strong market sentiment.

 

[Trav.]

Just visiting this stock again and unfortunately it has taken a turn for the worse after a recent high of $7.73 and now retracing back to close @ $7.21.

No announcements out in this period

Chart wise the obvious is that the immediate trend is down, and I can see no significant support / resistance in this area, so I will go with the old faithful the ascending triangle. Drawn on latest HL and if it can follow this back up then happy days but if breaks down and closes below the $7 mark then who knows.

 

[sptrawler]

I have them on my watchlist, as some who I have high regard for hold them in high esteem, I haven't looked a long way into their history.
But from what I read, they seem to have two things going for them, one an excellent management team and secondly an excellent hydrogen peroxide sterilising unit, other than that what is in the pipeline to support the rapid growth?
I don't know enough about them to know what is a fair entry price, but I did say that about cochlear, when they floated.

 

[Country Lad]

NAN announcement today. One of the ones on the list for when the market settles down.

 

[finicky]

To me it looks madly over-priced, but then I thought the same of XRO. In a stock crash though even more extreme.

Heaps of short vids about 'Trophon' at youtube for those interested, below is just the first one I watched - just put Trophon into the search bar.

Claude Walker told subscribers that he'd sold out of his remaining NAN as at 27 March, however he'd been reducing his holding on valuation grounds before CV19 hit. Still thinks it's a quality stock but also noticed that growth of Trophon sales had stopped accelerating recently in the USA, i.e still growing sales but not up curving growth. Said that short interest grows when NAN misses on sales which can be just because a major distributor is in a destocking phase (reducing its inventory of Trophon or disposable cartridges)
Another thing he says about NAN seems quotable, "" .... a stock that trades, essentially, upon an expectation of value at business maturity rather than by extrapolating linear profit trends ..."

 

[Dona Ferentes]

"Direct access to hospitals limited" . that's going to make it hard to get the decision makers, the purchasing departments, to get the sign-off.

 

[Country Lad]

"Direct access to hospitals limited" . that's going to make it hard to get the decision makers, the purchasing departments, to get the sign-off.

They would be a bit busy with some other things front of mind in the US as well, like trying to buy masks, ventilators, ICU stuff etc.

 

[Country Lad]

I bought NAN when they were down but not out.
Nanosonics: Never a better time to be a global leader in infection prevention

 

[dutchie]

NAN looking positive if can move through top supply line.
ABC correction but could turn into an ABCDE correction.

 

[dutchie]

NAN looking very bullish. Broken through previous resistance area and at all time highs.
May revisit previous resistance area which is now support.

 

[dutchie]

NAN has had a good run and still looks bullish.
It looks like it is in a Wave 1 correction, possibly down to $6.70 or so.