HCL - HighCom Limited

Started by lorraina, May 09, 2023, 09:08 AM

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Ferg

#16
Nov 20, 2023, 12:24 PM
Looks like they are chewing through the built up inventory which is good.  The question is can production keep up with sales demands in light of the equipment moving to the USA?  I'm sure it is in safe hands but it would be a shame to lose sales due to the shift.

Dolcile

#18
Feb 12, 2024, 08:15 PM
Wooaf that is a big loss in 6 months

Ferg

#20
Feb 13, 2024, 05:34 PM
Ouch.  Apparently the CEO, Scott Basham, is already gone.  Business goes from profitable and growing to a HY loss of 10-15m after a 4m stock write down.  That does not compute.  New Poland office closed and they think they can cost cut their way to profitability in H2.  Pass the Tui.  There must be more to this.

lorraina

#21
Feb 14, 2024, 08:02 AM Last Edit: Feb 14, 2024, 04:34 PM by lorraina

Ferg

#22
Feb 14, 2024, 09:50 PM Last Edit: Feb 15, 2024, 09:37 AM by Ferg Reason: typo
Given the determined nature of Regal selling down their holding, it makes me wonder how much did they know?

I'm also curious if you think Scott B is the scapegoat, or if responsibility sits elsewhere...?

lorraina

#23
Feb 15, 2024, 07:45 AM Last Edit: Feb 15, 2024, 12:26 PM by lorraina
In hindsight I should have taken more notice of Regal's selling.I thought they were wrong.
I missed any other warnings.
I had done extremely well with Scott Basham with AVA,so thought he would deliver.
Everything looked to be on track,and his 5th December 2023 Company Overview Presentation was very positive.

Crackity

#24
Feb 15, 2024, 10:59 AM

lorraina

#25
Feb 15, 2024, 11:30 AM
When I sold sold books to schools any "bad" buys I would give them away,if the school had bought a lot of books.Saved time mucking around with them.I had good margins so could do so.
Same with shares.My performers perform.Non performers are either sold or given more time.Seems to work just fine.

KW

#26
Feb 16, 2024, 04:08 PM Last Edit: Feb 16, 2024, 04:18 PM by KW
Quote from: lorraina on Feb 15, 2024, 07:45 AMI missed any other warnings.

The market always knows.  The charts will speak the truth.  Exit was in March 2023.  Stock put in a classic triple top (thats like a double top, but with extra emphasis lol) then went into a stage 4 downturn.  It had a dead cat bounce off the bottom, but without having spent any time forming a base, any move upward was always going to be prone to failure.  Second chance to get out was Dec 2023 when it once more dropped below the 200 day MA.  After that, it was always a matter of just waiting for the other shoe to drop.  Always be on high alert when a stock goes in the opposite direction (down) while the market is roaring ahead (ie. Santa rally/start of the new bull market that began on 1 Nov 23)

And remember, never ever buy shares in a downtrend.

You cannot view this attachment.
Don't drink and buy shares in a downtrend, you bloody idiot.

KW

#27
Feb 16, 2024, 04:15 PM
Quote from: lorraina on Feb 15, 2024, 11:30 AMSame with shares.My performers perform.Non performers are either sold or given more time.Seems to work just fine.

Buy stuff that goes up.  Sell stuff that goes down.  Sounds ridiculously simple, but its amazing how many people do the actual opposite of that advice. Taking losses are part and parcel of the stock market business, the trick is to keep them small and do not give them time to grow.  Or as Larry Livermore used to say, its more important to make money than to be right.  And if you find you are wrong, don't make things worse by staying wrong. 

Don't drink and buy shares in a downtrend, you bloody idiot.

lorraina

#28
Feb 16, 2024, 05:26 PM
Quote from: KW on Feb 16, 2024, 04:08 PMThe market always knows.  The charts will speak the truth.  Exit was in March 2023.  Stock put in a classic triple top (thats like a double top, but with extra emphasis lol) then went into a stage 4 downturn.  It had a dead cat bounce off the bottom, but without having spent any time forming a base, any move upward was always going to be prone to failure.  Second chance to get out was Dec 2023 when it once more dropped below the 200 day MA.  After that, it was always a matter of just waiting for the other shoe to drop.  Always be on high alert when a stock goes in the opposite direction (down) while the market is roaring ahead (ie. Santa rally/start of the new bull market that began on 1 Nov 23)
Yes the charts were 100% correct.

And remember, never ever buy shares in a downtrend.

You cannot view this attachment.

Yes the chart was 100% correct.

Crackity

#29
Feb 21, 2024, 11:43 PM
Highcom (HCL) retained at buy at Bell Potter; Price Target: $0.35 from $0.70

Reasons not to trust brokers - part 9
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