GREY:LFDEF - Post by User
Post by
colt451on May 04, 2016 10:05pm
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Post# 24842850
Next week
Next weekThe AGM and Q1 financials are being released on the same day.
Bull case: UR beats, or alternatively, UR meets expectations/misses but announces MOU's. Or UR beats + MOU's but that is a little too optimistic I think.
Bear case: UR misses, no MOU's. This is possible, the change of the engineering contracts and consequent affirmation of guidance theraefter seems to imply soft Q1 and the revised revenue booking to offset that.
I had decided to hold through the AGM, and admit, am frustrated by the company's choice to release the financials on the same day. Given the bear NR they dropped the last time they did that my gut feeling is that Q1 is soft and they are holding both events on the same day in a poor attempt to manipulate the market.
But I am holding. The upside is massive if they can only meet guidance and provide color on the MOU's.
As a last note: the trading pattern today was interesting, low volume throughout the day coupled with a drop in the last hour of trading to $1.11 and recovery in the last 5 minutes to $1.16. Expect more of that leading into May 10.