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Metro Performance GlassFundamentals are Rubbish Net Income been dropping yoy from $205 mill 2016 to -$77 mill but looks like it's on a run. Net Profit Margin -33% omg lol How do companies stay in businesses with ridiculous negative profit margins Quarterly Revenue Growth -7.10 % They have recently refinanced expiery date Oct 2023 Maybe that has made some crazy investors happier for they still lose money and have been for years if this was a horse race they would be dead last odds $95 to win, but the market often makes no sense Earnings and Fundamentals often mean diddly squat especially in the New Zealand Market. Moving Average Brought Sept 15th up $38% Macd Brought Sept 16th Up 32% Breakout Setup imo
NZX:MPGLong
by NZ_Shareman
AFT Pharma Trading at Support Level BUY OPPORTUNITY NOWThis is a simple support & resistance analysis of this stocks current price level. The stock is at a price level which can be said as a good established support level, the last time the stock was here it was almost 3 months ago and it made good gains after touching this level. If anyone beleives there are other reasons for why this stock will continue to fall below support, please comment ASAP! Im going long on this one now...
NZX:AFTLong
by WineTrader888
Flectcher Building Seem to be on a Tare This happens quite abit on the NZX just out of the blue when RSi reaches 80 Sell Take Profit. Moving Ave will probably Buy tomorrow Macd Day After usually as they are lagging Indicators but about the best we got i'm afraid, but still work more often than not. Lost 196 mil last yr Revenue has been dropping for the last 5 years -3.34 estimated revenue growth next 5 yrs so rubbish and shouldn't be going up in price the share market makes no sense. But it's all about the future potential ya know. What future that they will be around losing money for ever how can a company loos $196 million Dollars in a Year OMG! that is a Useless Business run by Useless Management. Buy Buy Buy
NZX:FBULong
by NZ_Shareman
Argosy PropertyOn a Tare Fundamentals are Crazy Good Consistent Yearly Net Profit (After All Expenses) Average approx 100 Mill since 2016 Has approx 100 properties Retail - Commercial - Industrial Auck - Well - Hamilton Leases Buy and Sells it's portfolio Recently Sold 80 Springs Road Auckland for $379,500 profit 2.3% on 16.5 Mill Get a load of this bro's and sisters Operating MMargin 118.84% Net Profit Margin 95.52% All Property Companies have similar Fundamentals good business to be in. Revenue Growth over next 5 years only 1.28% but consistent Would have thought being in Retail Property especially would be a worry but doesn't look like it. Moving Ave Brought Oct 7th up 2.9% Macd Brought Oct 1st up 4.1% Strong Buy imo Buy the way housing market in USA is strong with interest rates being as low as they have ever been and will continue to be for a few years to come at least according to the Fed. Would love to put the link to the Web Site but House Rules say "No" Sorry about that.
NZX:ARGLong
by NZ_Shareman
2
MCK Hotel Stock priced how it was 4 years ago - Awaiting AR ?This stock has decent fundamentals with a discounted cash flow valuation at around 70% undervalued at its current price of $1.77 at this time of writing. This company owns hotels all around the world and their market cap is above EV, their Book Value per Share in 2019 is at 6.78 and I suggest you find out the other fundamentals by yourself. Anyways, my opinion is that the market has priced in the Covid19 effects on this stock since this company is obviously extremely exposed to the effects of covid19 (lockdowns, border closed, etc...) since they rely heavily on tourism. However the company's latest annual report was for end of December 2019, and they do not seem to issue interim reports. Therefore we do not understand how much covid19 has actually impacted this company's financials just yet, so... Could this be a golden opportunity to keep an eye out for until their next report is released? What if covid19 has not effected their financial's as bad as the market has decided ? Their price at $1.77 is the price it was 4 years ago. Thats all for now from me. Food for thought!
NZX:MCK
by WineTrader888
NZME profit taking opportunityThanks for viewing, I am not sure if this is of wide appeal. NZME is a media Company that caught my attention last year due to the share price declines having appeared to have out-paced any revenue declines in an industry in a global slow down-trend. I was eyeing the equity at the 0.40 level at the start of the year but felt there was still another leg down - just based on Elliot Wave. New Zealand has done an exceptional job of controlling the health crisis, and gained a lot of notoriety, but is in a wait-and-see position now as the rest of the world are facing some rather serious looking health and debt issues. There is also the question of opening up the economy to travel again, no idea when that can happen - although I view NZME as somewhat insulated from these issues. In march 2020 NZME was down over 82% from its post IPO 2017 highs and got as low as $0.18 a share. Due to the big price drops it had a rather juicy looking potential dividend, should dividends remain at or close to 2019 levels. However, NZME had already suspended its dividends due to a very high debt level. But I still saw a bounce potential, as media Companies are generally thought to be 'recession resistant' due to Companies normally increasing marketing budgets in a recession. I am getting the impression that this has not eventuated in this case, as everyone is just in survival mode. Anyway, despite a 13% drop in revenue in the first half of 2020, net profit was up, and they posted a very strong reduction in their debt position - hence the bounce. Expectations; after such a long and deep price collapse I do not expect NZME to set heading for higher highs. A base needs to be formed. So I see a 3 wave A that is coming to and end, and will be followed by a price decline and a re-test of the March lows (even though I don't expect a lower low I have decided to take profit). After the low re-test, we can consider the chance of a proper retracement up to the $0.70 level, for example. Despite some good news NZME has some big problems like; - A significant majority of their assets are "intangible assets" from their newspaper and radio brand acquisitions, so if there are significant write-downs in these assets that could materially affect the balance sheet. Considering that when these assets were acquired, the world was a much different, and likely more optimistic place - it may well eventuate that the purchase prices don't make a lot of sense in today's context. That is just my feeling, based on the vulnerability of this organisation to such a scenario. -General down-drafts in the newspaper and radio sectors, despite their investments in streaming and online delivery there are still big challenges. - There doesn't actually need to be bad news from NZME for the price to decline now. I am expecting a more generalised draw-down of global equities. If that view holds, NZME may well be caught in the trend regardless of how well they are doing, as people unlock untapped collateral. I expect NZME to return to paying dividends either in late 2020, or in 2021, and that will help. I see rather strong technical reasons to sell lining up; - The 1:1 extension of the June 2020 high (of $0.35 )( has been exceeded - at $0.46. Wave A often does a 1:1 of the first wave (April to May) up. - There is rather strong bearish RSI divergence forming - when higher highs in price are displayed as lower highs in the RSI. I pay attention to this especially when the RSI is already "overbought" i.e. above 70 and is pushed below 70 while the price is making higher highs. An RSI divergence often precedes turning-points in charts. - On the 17th and 18th of September, the 0.382 Fibonacci retracement level (of the full price decline from 2017 levels) showed strong resistance. - MACD histogram is trending downwards. - The MACD moving averages seem to be thinking about crossing-over to the downside. - I am already up 80%, in a very short time-frame, so I don't want to be too greedy and end up losing some or all of my gains. If it goes a lot higher after I sell tomorrow (market sell half on market open and limit sell the rest at $0.51) I will be able to live with it (I can see $0.51 as a short-term possibility based on the 1.618 extension of the 28th Aug to 7th Sept price rise). I hope I am not being too pessimistic in my outlook. But I see a few reasons that "line up" without much technical or fundamental causes for too much bullishness. I hope you appreciate how transparent I am being. This really isn't a big money position, despite my conviction in entering the position, I ended up allocating far more to poorly performing equities. In fact, the worse performing, the more I allocated. Overall, this is the second position I am exiting in 2020 after selling Just Life for ~+70% but overall I am basically level for the year. So wish me luck and I'll wish you luck too.
NZX:NZMShort
by flyinkiwi10