RE: A good point to buy?13 Oct 2017 14:04
interesting first post
All tiddlers are tough to value, let alone predict sp movement
The balance sheet is strong, with plenty of net cash....but earnings visibility is limited (in particular with the new product launches and renewed attempts to revive their US sales channels)
130-150p still looks like compelling value (I bought 125-130)...and over 220-250 requires confidence in earnings getting going (I didn't sell any at high - but did de-risk 220-240)
I hold 1500 free carry ...with a decent appetite to build stake of 5000-10000 again if the price to newsflow/visibility is right...(Among other positives here, I like the usd exposure and potential to profit from further � devaluation)