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Interesting breakout

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Frequent Contributor
This share may have a long way to go. On fundamentals it has everything going for it.
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2 REPLIES 2
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Super Contributor
I think this is pure speculation. Since the iterims end Aug where they reported big losses, there has been no real news. Furthermore they had a huge receivables account which is what I think that knocked the price on the fear that some of the african debtors may default. They also had huge amount of stock which is probably due to cancelled orders. So, I am not sure the fundamentals are good. I suggest that one rather waits for the year end to Feb results before jumping in. I have been watching this share with keen interest because I like the business model.
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New Contributor
They have been also awarded their first full turnkey project from Eskom earlier this month.
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