Cheers for the response. Good call, definitely better places to have your money short term. Hopefully a good opportunity for re-entry presents itself. Surprised that you weren't able to get in contact, shame.
I have the same concerns. But I just don't think it makes sense for them to take a grab at these earn-outs if it's immediately obvious they aren't going to be anywhere near the target revenues. That would further discourage investors, I think it has to be a reasonable target. But yeah, as aforementioned, the quarterly should make this pretty obvious.
It's also interesting to note that directors have stopped buying on market. They were buying quite a bit in the 16-19c range previously before the recent cap raise.
Pretty keen to hear news about expansions, you'd think any decent announcement about trials in the US would set a fire under the SP. Still blows my mind how many shopping centres there are in the US compared to the rest of the world....
I'm not sure what you're on about here sorry.
So as I see it, either they are happy to shaft retail holders now to get their earn-out shares now because they were worried about not achieving any targets for CY2016, but are confident that their revenues will pick up after CY2016. OR
They think that issuing 22.5m shares is a reasonable forecast for what they will achieve in CY2016, and they want to bring forward investor interest to the stock.
I hope this quarterly will give a better indication of which of the two it is.
SKF Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
