RHT 7.69% 7.0¢ resonance health limited

RHT has enormous potential however the current 4C figures and...

  1. 1,364 Posts.
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    RHT has enormous potential however the current 4C figures and next qrts forecast was not met with posativity by shareholders that expected a better result after the strong partnerships established late last year and earlier in the year.

    It is evident that the market had higher expectation and the company under performed based on the sell down even though their cash balance is greater by appx $600,000.

    I offloaded my entire holdings today and am of the view that the SP has not bottomed out as yet. I may of course be wrong but made the call based on where I believe RHT is heading in the near term as apposed to deploying funds and profits elsewhere that will potentially offer much better shorterm gain..

    I will be looking for another entree when things have settled and evidence of progress made as a result of their hard work is reflected in higher revenues and further growth.
    GLTA..
 
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Last trade - 13.47pm 29/03/2024 (20 minute delay) ?
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