Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Market Matters Team I purchased APE at $20 - Your last view on Eagers in June was bullish APE at $22 - Can see it testing $25 resistance area, but a test of $30 wouldn't surprise. APE is around $24 at the moment. Are you still bullish APE - do you still see APE testing $30 - it reports on 28th August. regards Debbie
Hi Debbie,
Unfortunately, things do become a bit of a short-term lottery during reporting season, we can only work off the information we have to hand.
The tailwinds we highlighted in May remain firmly in place, with improving vehicle supply, a stronger Toyota partnership and a full-half contribution from CanadaOne expected to support earnings.
However, this is old news and whether the stock can hit $30 this year will largely depend on its earnings and forward guidance at the end of the month – we remain cautiously positive into the update.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
