Oracle, what are you disagreeing with? You agree its an overreaction and you agree its a bargain at these prices.
What you're additionally saying is the depth still looks stacked to the sell side (which explains why the SP is still down at "bargain" levels) and it won't bounce till positive news (which I agree with - on the basis that today's AGM ann preamble is insufficient of itself to do that).
That's why I think 30c is still a valid SP target for next half yearly (in Feb), because by then we will or should have news confirming CM8 is debt free and growth has been "in line with expectations".
If you're main point is they should not have changed from quarterly to half yearly now and done a quarterly to counter the Dom share sale, I would agree with you on that.
Cheers, Sharks
CM8 Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
