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A2 Milk Corporation Ltd [ATM.NZX] chart looks like a plane is taking off, as it does it appears to be dropping left-lets over China because that is where the buying and selling of this stock is coming from.
There has been $22 million passed today, so far.
A chap asked yesterday via this website what I thought of this stock now it was over 6 bucks and heading over to over 7.
I said something like it was a stock based on true value but like Fisher & Paykel Healthcare Ltd [FPH.NZX] and Mainfreight Ltd [MFT.NZ] amongst other stocks, it was getting way beyond its value.
It has a PE ratio of over 50, more than both MFT and FPH and 12.49c in earnings per share.
To be fair it will continue to go up with earnings approaching 20 cents per share next year but which ever way you look at it it is overvalued.
I also think I said that this stock looks like it is on the (Chinese) fast track to the stratosphere so would be surprised if it put on 2 bucks (conservatively) before xmas.
I politely refused to utter anything material on the stock, except to say I had been watching things from late last year.
Good luck.
c Share Investor 2017
Rocked up to the local Westpac at Albany Mall today after clicking on the make your credit balance $2500 more - that was OK.
In the meantime saw Wilson at the bank & found out I have an interest free period left on my Visa till July next year.
When I had issues with the card in July I contacted the bank and they sorted out the problem and it seems they started the 12 months again from July. So I don't have to pay anything off (except the minimum balance.)
So at the same time I told Wilson about this I decided to open a bank account. This was the first time I have had an acc with Westpac in 30 years (apart from my Credit Card).
I want to see how they go and if they are good (I'm unhappy with ASB who I been with for more than 20 years) Im going to change some or all of my banking.
How do you folks out there deal with this "problem"?
More Banking Madness @ Shareinvestor
New Zealand Refining Ltd [NZR.NZX] The scenario set out below is bullshit.
GENERAL: NZR: Statement from the Chief Executive, Sjoerd Post
"While Refining NZ will not generally respond to media commentary, in the
current circumstances regarding issues with the Refinery to Auckland
pipeline, and recent media commentary concerning when Refining NZ first
notified those issues to the market, Refining NZ considers it appropriate to
do so. For complete clarity, there was no delay in disclosing information to
the market or to other stakeholders.
The company announced to the market as soon as it understood that the
pipeline would not be operational for more than a few days. Initially
Refining NZ thought that the leak could be fixed within 2 days by installing
a clamp on the damaged section of the pipe. If that had been the case the
issue would have been within the ambit of operational matters and of no
concern to our customers and the wider public. It only became apparent over
the weekend that the damage to the pipeline would take longer to remedy - and
accordingly we announced this to the market before it opened on Monday, 18
September.
All going to plan, we expect to deliver jet fuel via the pipeline into Wiri
between midday Sunday and midday Tuesday. From that point Refining NZ expects
it will take another 30 hours for the jet fuel to settle, for recertification
to be obtained, and to transport to Auckland international airport".
Sjoerd Post
Chief Executive
Bullshit because once the initial thing happened last Thursday and there was a facebook post about it there was a possibility that there could be a major outage. Guess what there is a major outage. That should have been disclosed on Thurs to the market NOT yesterday before markets opened.
The ultimate person responsible for this is the Chief Ex Sjoerd Post.
He needs to walk.
The NZX also needs to come down on NZR like a tonne of bricks but it won't.
I don't know if you the reader know it but I have traded NZR quite a few times over the years. If I knew Sjoerd Post was the man he has turned out to be I wouldn't have bothered with it. I will also cease trading of this share until it can be proven to me that management know what they are doing.
Because I believe it goes deeper than the Chief Ex.
Little wonder why the share price has hardly even moved.
NZR @ Share Investor
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c Share Investor 2017
