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$3.60 imf bentham limited

Ann: Appendix 4C - quarterly-IMF.AX, page-21

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211 Posts.

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22/07/16

17:35

Post #: 18340538
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Originally posted by webbj ↑

TA is far from my speciality as well.

My take on the lack of volume is just that no-one is willing to sell. As the bids keep increasing, the volume is drying up.. so more and more holders are keeping their shares, yet the bots and bidders still want in. So it keeps pushing onwards and upward.

In some cases, you will see this before an upwards breakout after supply dries up - with IMF though I couldn't say. Its liquidity and history is a bit odd. I take some reassurance though that there is no big selling into the news these days like happened in the past. So we just keep waiting for the announcements, bank balance to grow, sp to increase and dividend to be paid.

It sounds so easy when I type it out like that

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Thanks for the input Webbj.

IMF are certainly trending in the right direction and the upcoming results will help that to continue. I'd be happy for the company to hold off on the dividend and finance new cases internally without having to go too crazy with debt. That said, if they don't provide at least a small div that could have a short lived downward impact on the SP.

IMF Price at posting: $1.64 Sentiment: Hold Disclosure: Held
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