hi Trenners27 Apr 2012 00:57
Yep still in with my long term 28p and 31p buys and waiting for the 33p area for another swing trade buy.
(Need to update the chart but remember thinking 33p was the area to keep an eye on and by the looks of it some buying support is starting to feed in already) will post chart soon.
The reason for the drop is cos eurozone trouble is starting to bring some fear back. As we all know this is a bit euro zone sensitive, the last set of results demonstrate this fact perfectly and this will go down along with everything else when eurozone fear happens.
Long term its a good buy imo because the board have demonstrated that they are proactive in refocusing the business. The chances of a takeover are increasing, a re entry to usa market is now very likely, spain and greece hit hard but australia centerbet will more than make up for that.
I also think its a good bet to do well in the next dot-com boom. (Just threw that in the mix but the dot-com is a reality now and profits begining to flow)
The reasons for the discounted sp are clear and the potential for the future is also clear so its a nice stock to trade.
All my reasons for being in here but shoot down if am wrong always willing to have anothers view.