Could this pre Feb half year release just be another good news statement before we get the "detailed" results next month?
I recall a very positive statement made in November 2016 that confirmed "our balance sheet remains strong, has no debt and has a healthy cash flow at year end." This preceded an announcement a week later to Capital Raise $20m.
Perhaps it is just skepticism on my part, or on the market's behalf as well, that has seen the SP spike to the mid 70's last week on what appeared to be very positive news only to ponder what might follow in the details next month, hence the current price of 67.5 c. On the other hand it could be just opportunistic profit taking?
Please don't misinterpret this post as down ramping, that is not my intention, I hope to hell my skepticism is unfounded and the half yearly report validates their early pronouncement, but like many company announcements they tend to accentuate the positives and eliminate the negatives.
NEA Price at posting:
67.5¢ Sentiment: Hold Disclosure: Held
