CFR

[BullsnBears]

Richemont announces a 43% drop in operating profit and the stock is up 7%? What am I missing here? Does the market like the board change that much?

[prancing_horse]

Maybe the "clever" boys were expecting a drop of 60%. My view is that in the current climate the share is still pricey

[Russ]

How about newplat up 1% and the Plat index down 4%? This market's crazy at the moment.

[BullsnBears]

Strange. Maybe someone knows something the rest of us don't.

[BullsnBears]

Down on just about every metric - sales, profit, margins, cash flow. I can't find anything positive in the these results that would justify such a big move - now at almost 10% up. This thing should be 10% DOWN.

[partridge]

What were the out lying views on results?

[Russ]

Looks like cfr is the only gainer in the top 40 at this stage.

[BullsnBears]

Good question. They did warn that profit would be down about 45% in September. So that's where they came in today. You would assume the market would've already priced it in. At worst the stock would stay flat but how does it end up rallying 10% then?

[kwagga]

Our market is now on the same level as 1969 - Most expensive it's been in 46 years