CLT 0.00% 19.0¢ cellnet group limited

For arthur

  1. 25,374 Posts.
    lightbulb Created with Sketch. 2
    Did you already hold CMQ Arthur?
    another invaluable Chartists view.anyway thanks for the grounding.

    I have wasted enough time posting my "detailed" TA on Charts, set up a website to upload etc, just to tedious,
    have to compromise on grabs from Big charts etc, the site Salus tried to grab his chart from is excellent IMO just doesnt give it away.
    Pretty hard to explain TA without a trendline etc

    Fluked CMQ, have a look at CLT


    From annual report,
    The result, based on a 38 per cent jump in total group sales to $341
    million, represents Cellnet's 10th consecutive annual profit increase
    since the company's inception in 1992.

    Cellnet today also announced a fully-franked interim dividend for
    shareholders of 5 cents per share, taking the full-year dividend to 9
    cents. The 5 cent interim dividend is payable on 4 October 2002 to
    shareholders on the register at September 20.
    "There has been a rebound in the telecommunications market, which
    will be further accentuated by new colour and data enabling terminals
    as well as the impending introduction of 3G technologies and
    products," he said.

    "Our solid long-term contracts with key clients in Australia and New
    Zealand means we are very well positioned to capitalise on the
    improved market conditions."

    Cellnet recently secured long-term distribution contracts with
    Telecom New Zealand, AAPT Cellular One and Vodafone.

    Concerns are high stochastics, will need to maintained increase in vol to crack the 1.50decile resistance,Chaikin Money Flow has turned up Parabolic SAR supports.
    If it breaks 150 ?
    john

 
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