springhill, what do you think about this stock from a technical analysis point of view? at the 14.5/15c mark, it seems to have started to break through it's resistance level. If it does and does well, it could go well above 20c given a few weeks, as breakouts are usually followed by a step rise/decline in that direction. Do you see this breakout from the resistance level as being meaningful?
I should have my right to post charts revoked after this effort, but there could be a distinct pattern emerging with the rise in SP.
Anyone else think a retreat is the case based on chart pattern or breaking this set up and heading stronger for longer?
Sellers not swamping buyers.
Sadly, I did.
Honestly dont believe this to be the case. The long time flatness of the SP has been due to long term product development and minimal market penetration. Sales have just started to roll, revenues from these sales will not roll in until Q3 FY 2013. Only just above cash value with future revenue increase. Further potential product acquisition plus the hope of further market penetration. That all stacks up quite nicely.
Just because you didnt buy at the bottom doesnt mean you cant catch any further potential SP increase. Are you better off buying at 5c with no positive news, or 8.5c with positive news rolling in? Have you really missed it?
A good post to reflect on.
The price has since peaked at $0.16, an almost 100% increase since the poster thought he had 'missed the boat'. This shows the importance of doing the research and digging down, rather than assuming a big run in price has caused the valuation to become expensive.
Doing some further work on these guys tonight.
According to the FY12 result, they are carrying $79m of operating losses!
They certainly won't be paying tax for a while....
Looking at the latest half yearly the operating margin has jumped to a little over 10% now.
Will be good to get the FY results to see if it continues to rise and how the major acquisition will alter the revenue numbers going forward.
One of the rarer stocks that has been holding/performing well this week!
Or a dividend either....
Look forward to hearing your thoughts once the FY results are out.
With mining (temporarily?) on the nose and the more speculative mineral explorers not getting the attention and support they have had in the past, do you see that speculative interest transferring to other areas like financials, software, telecommunications & information technology services?
Those with high risk tolerance, like myself, will surely still be looking for something to invest in?
NEA was one that pulled a lot of attention over the past couple of days.
I am not that across the sectors mentioned above, any other RFL style stocks out there worth investigating?
I think this one has massive earnings risk, and is conveniently also very capital intensive. Has some things going for it, but the same things could turn out to be their biggest weaknesses (ie. similar to JIN). I think it's an earnings re-rating play (in this case future earnings) that has, or will, run out of steam very soon. Just my opinion, too risky for me.The only stock ive been keeping up with that you might be interested in is GRB. Funnily enough it also trades at $0.17. Its not a bargain anymore but it might still be a growth play..
Went into a trading halt yesterday for a CR, might be worth you checking out.
I think this one has massive earnings risk, and is conveniently also very capital intensive. Has some things going for it, but the same things could turn out to be their biggest weaknesses (ie. similar to JIN). I think it's an earnings re-rating play (in this case future earnings) that has, or will, run out of steam very soon. Just my opinion, too risky for me.
Same with RFL unfortunately.
Springhill my response was more to do with GRB. Happy for a moderator to move it if it is causing confusion.Do you see future sales mitigating this risk somewhat? It has been a long time in between sales announcements, which I have flagged as a concern in the past.
From memory there was a previous post that had something like 20 potential customers at various stages of product assessment and possible uptake.
Good to see they are showing confidence in their main ventures.
The latest cash flow report slipped under my radar, was very busy last friday and only saw it now
The cash injection doesn't hurt either.
Thoughts on their quarterly VS?
Net Operating Cash flow for this quarter $964k (down from $1.2m previous quarter)
An excellent result for 2012 particularly given the environment with revenue up 9.7% and segment profit up 15.2%
- Regulatory changes are driving technology and solution demand, particularly integrated remuneration management. Specifically FoFA compliance is pushing implementations across the client base.
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