Australian (ASX) Stock Market Forum

PRN - Perenti Limited

Jump to new
Market Matters afternoon report:
Perenti (PRN) -15.94% lower on 1H earnings miss.

Perenti is a stock that Greg Canavan backed a while back but this drop has wiped out the profit from his buyin price. Not high on my own list of possible buys but forgotten why.

Not Held
 
finicky said:
Market Matters afternoon report:
Perenti (PRN) -15.94% lower on 1H earnings miss.

Perenti is a stock that Greg Canavan backed a while back but this drop has wiped out the profit from his buyin price. Not high on my own list of possible buys but forgotten why.

Not Held
Click to expand...
had forgotten this used to be Ausdrill ( MIGHT have convinced me to buy-in earlier )

but no matter

i took a deep breath and dripped a toe in the water today

the worrying thing i saw ( and it might have spooked the markets ) was the result was impacted by delayed payments ( making me worry about how many struggling clients it has )

i am in now

time will tell if i need to use an 'average-down' strategy or just sell later ( whether in profit or loss )

this might be a patience-tester

BTW this is my infamous 'falling knife ' technique 😉
 
Top