This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Shares turned over from ceiling of rising channel. Potential for retrace to channel floor before longer term uptrend resumes. Short-term trade within long-term trend. Technicals highlighting another correction from overbought.
New Chairman been appointed from ZPG so has online experience, but not food. FY results next Tuesday could disappoint. Hungryhouse acquisition could fail to deliver increased market share.
Consensus is very bullish with zero negative ratings. As the adage goes, “if everyone’s a buyer, who’s left to buy“? The consensus targets are also for more upside than downside. However, as explained this is a short term trade within a longer-term uptrend, profiting from one of the many inevitable downs along the way.
Next Event: FY results, 6 Mar
Latest Broker 12-Month Consensus: 84% Buy, 16% Hold, 0% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -3.3 | 3.2 | 6.3 | 24.9 | 66.4 | 122.1 | 136.1 |
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