any reason why price drop? I mean fundamentally not technically. I see fundamental and future prospect are good, only problem I see here is not enough NTA discount. Anyone know why price still drop despite such a good QR just released?
@SincereStock Most likely panic sell due to oil price spiking up high from $80s to $110 effect from Russian-Ukraine Crisis.. Operating cost might spike up but still fundamentally strong, might be able to offset the higher operating cost from its second core business integrated logistic export segment mainly in oil and gas in view of supply disruption from Russia. Also hope that freight rates remain high to maintain the good profit margin. Just hope that this counter will pay good dividends to upbringing the stock price.
no need insider news also expected good result already see price movement and volume, bulan result what.. result is anytime, I no matter what also will hold firm to see the QR first
Harbour is way undervalued. Net Asset per share is at 1.37. Next Quarter will be even greater as well as the Baltaic Dry Index is increasing. With current earnings, not future. PE at 6 demand at least 1.63. And this company has CASH of 215m sitting!! Do not need to worry of recession.
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wallstreetrookie
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Posted by wallstreetrookie > 2022-02-22 20:45 | Report Abuse
Force-selling. It happens sometimes, I manage too many stocks at one time.