$JSECSB - Cashbuild Ltd: Fundamentals Matter More
Cashbuild is still trading far from its all time highs of 2018.
The post-covid-19 crash rally from 7000 to 34599 unfolded in five waves and the correction has been prolonged but contained within a descending channel.
Technically, this calls for further upside and price is currently hovering above the golden ratio 61,8% retracement level.
The fundamental picture looks grim though with Cashbuild having released a trading statement today for the interim results for the 26 weeks ended 25 December 2022.
The company expects;
EPS of between 647.4 cents to 712.1 cents, represents a decrease in EPS of between 45% and 50%;
HEPS of between 678.2 cents to 734.8 cents, represents a decrease in HEPS of between 35% and 40%.
The interim results for the 26 weeks ended 25 December 2022 are expected to be released on or about 1 March 2023.
This should provide a lot more info and hopefully a short-medium term outlook.
Until then, I sit on my hands on Cashbuild.
The post-covid-19 crash rally from 7000 to 34599 unfolded in five waves and the correction has been prolonged but contained within a descending channel.
Technically, this calls for further upside and price is currently hovering above the golden ratio 61,8% retracement level.
The fundamental picture looks grim though with Cashbuild having released a trading statement today for the interim results for the 26 weeks ended 25 December 2022.
The company expects;
EPS of between 647.4 cents to 712.1 cents, represents a decrease in EPS of between 45% and 50%;
HEPS of between 678.2 cents to 734.8 cents, represents a decrease in HEPS of between 35% and 40%.
The interim results for the 26 weeks ended 25 December 2022 are expected to be released on or about 1 March 2023.
This should provide a lot more info and hopefully a short-medium term outlook.
Until then, I sit on my hands on Cashbuild.
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