PRN - Perenti Limited

Market Matters afternoon report:
Perenti (PRN) -15.94% lower on 1H earnings miss.

Perenti is a stock that Greg Canavan backed a while back but this drop has wiped out the profit from his buyin price. Not high on my own list of possible buys but forgotten why.

Not Held

finicky said:

Market Matters afternoon report:
Perenti (PRN) -15.94% lower on 1H earnings miss.

Perenti is a stock that Greg Canavan backed a while back but this drop has wiped out the profit from his buyin price. Not high on my own list of possible buys but forgotten why.

Not Held

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had forgotten this used to be Ausdrill ( MIGHT have convinced me to buy-in earlier )

but no matter

i took a deep breath and dripped a toe in the water today

the worrying thing i saw ( and it might have spooked the markets ) was the result was impacted by delayed payments ( making me worry about how many struggling clients it has )

i am in now

time will tell if i need to use an 'average-down' strategy or just sell later ( whether in profit or loss )

this might be a patience-tester

BTW this is my infamous 'falling knife ' technique