Normal
You didn't have to wait long, SAI got hammered on Thursday after releasing their half year report.http://www.saiglobal.com/AboutSaiGlobal/NewsRelease/ASXAnnouncements/2013-02-15.htmProfit down 14.9% as expected and previously announced, revenue up 6.8% costs have grown faster than revenue, but that's to be expected occasionally with a business like SAII found it strange that the market reacted so badly to the half year report, the difficulty's were well flagged and the market kept informed...having watched the SAI share price closely over the last 8 months or so, i have often been surprised at the SP moves given general sentiment and sensitive news.A big volume spike on Thursday followed by another big volume day on Friday, 24m shares in 2 days, about 12% of the company changing hands...arguably a great opportunity when a lot of people start to feel uncomfortable holding SAI, or any other good company.Anyway in with the Superfund again at $3.70 for SAI trade #3
You didn't have to wait long, SAI got hammered on Thursday after releasing their half year report.
http://www.saiglobal.com/AboutSaiGlobal/NewsRelease/ASXAnnouncements/2013-02-15.htm
Profit down 14.9% as expected and previously announced, revenue up 6.8% costs have grown faster than revenue, but that's to be expected occasionally with a business like SAI
I found it strange that the market reacted so badly to the half year report, the difficulty's were well flagged and the market kept informed...having watched the SAI share price closely over the last 8 months or so, i have often been surprised at the SP moves given general sentiment and sensitive news.
A big volume spike on Thursday followed by another big volume day on Friday, 24m shares in 2 days, about 12% of the company changing hands...arguably a great opportunity when a lot of people start to feel uncomfortable holding SAI, or any other good company.
Anyway in with the Superfund again at $3.70 for SAI trade #3
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