Sangoma Technologies Corp T.STC

closed really well

[Tan4646]

great volume at end of day with high of the day.....  Analyst Target will be rached before year end..

[profitprophet1]

What? Perhaps you commented on the wrong board by accident. Volume was just over 12K, less than half normal volume. 

[Tan4646]

I was not very clear,, of todays volume over 50% came in the last half hour. I  like that buyers grab some to end the day higher.  Could be  traders looking to sell the news tomorrow or a continuation of the larger move higher.  

[Torontojay]

I don't think a bull market has started just yet. Whatever gains are made will probably be erased when unemployment rises and the economy weakens.  I also like the energy sector and think it is undervalued relative to historical standards. Tech stocks got hammered the past 12 months because they were quite frankly overvalued. I made the mistake of holding on to several of these

[AnitaGet]

I agree with Jay. Lower entry points into STC will come. This will be knocked down a few more time into the 4's and 5's before there is any positive shift in the markets economic numbers. Small cap tech is not attractive today. They were more prudent in earlier times and smaller acquisitions were financed via combo of cash, borrowing and issuing share. STS was financed with $110M debt and

[Tan4646]

If shares were issued to Star2Star beginning April 28th in increments over 14 quarters wouldn't that bring down the total acquisition cost given that stc shares have been trading down over the last year.   Am I missing something.?

[Torontojay]

  Yes, but the balance sheet is still going to record the transaction at the purchase price on the closing date. The market will determine if the shares will trade above or below original costs. In the case of Sangoma, the market is suggesting that Sangoma's market value is below the company's book value or original costs.   

[Tan4646]

Thanks, very helpful.