4WD 0.00% 34.5¢ automotive solutions group ltd

Ann: Market Update, page-10

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  1. 5,909 Posts.
    lightbulb Created with Sketch. 88
    read it again:
    "The expansion and new contracts will support sales and earnings growth for the current financial year, if not beyond. ASG’s prospectus forecast is for FY17 revenue to increase by 7% to $42.7 million and earnings before interest and tax (EBIT) to increase by 8.3% to $6.5 million."

    So they have restated their forecast from the prospectus but stated that the ecvents that have taken it will meet it, possibly exceed (I will read this as most likely!!!)

    Sometimes it takes a while for the market to catchup (look at COB and ARL which both floated at 20c.. now look at them)...

    Also take a look at the volume today of 500k! Buyers will not show theie hands.. at no stage did you ever see 500k worth of buys at over 90c on the buy side... they are just waiting for impatient sellers to drop and then will snap them up... This is exactly what the cashed up buyers are hoping for.
 
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