Hammond Manufacturing Company Ltd T.HMM.A

Who’s buying HMM.a for the last month?

[Marley66]

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

[HyperCube]

I agree with you that there seems to be someone buying lots of shares lately. But why do you date that to since 23 of August? I think the buyer only got active Wednesday, it would explain the big surge in volume for the last three days.   Also, why are you so pessimistic about Q3 earnings? Trailing twelve months at $1.70 would mean Q3 earnings of $0.41. That’s a dip from $0.48 of Q2. I

[Marley66]

Hypercube, on 23 of August 12000 shares where bought on the bid by anonymous as well as last Tuesday the 5 of September. And yes the real buying really got go last Wednesday. And for next Q 3 earnings, let's show where we are at for the trailing 9  months: - Total comprehensive income for the period Q4 2022  4883000$ - Total comprehensive income for the period Q1 2023

[babybunny]

There could well be several big buyers hopscotching over each other and driving the share price higher.   The long string of rock solid earnings has wide appeal, but in the past the market cap was so small and the trading so lethargic that HMM.A  was completely ignored (except by astute individual investors).  With volume increasing, and market cap finally surging into the