Who’s buying HMM.a for the last month?Clearly there is a big anonymous buyer of HMM.a since the 23 of August! As a matter of facts, it bought a bit more then 300000 shares and selling less than 40000 shares. As a Longtime shareholder, I never seen that kind of upfront buyer. Obviously someone is seeing real value in the company.
over the years, speaking to some friends about the company undervalued share price ad always the same answer....the stock is not liquid! They said.
so we now maybe assisting to a new real re-rating in valuation of the company! Well, that's what I'm actually seeing!
next quarter earnings announcement will probably be another blowout and would not be surprised if trailing 12 months is 1.70$ considering currency fluctuations.
so just for speculative purposes a 7 times earnings of 1.70$ ...we would a share price of 12 bucks !!
lets enjoy the ride