Tape this week says they are not done yet. Agree end of sept will still be high short interest. Your last 2 sentences are in line with what I was thinking.
We all expected this move.
Expecting at least one more prior to earnings.
Guidance for Q4 if .10 or above meets or beats full year guidance (HIMX does not miss to the low side of earnings)
The majority of the short shares are below $10 (it would seem)
TTM PE narrows due to inclusion of Q3
Narrowing PE with obvious growth should move the base higher.(Happy it moved from 6-8 to 8-10)
With the ATM going into maintenance phase (Nov to Feb 2014) I expect the base to move up another $2-4.
The ATM will be loaded with more cash for withdrawl By then and the games will resume.
HIMX needs to keep coming through with guidance containing growth.
Any hiccup in guidance will be met with a see i told you response from the short camp.
I haven't read any.... Should have.. Same as you numbers all day... brain weary in the evening.
I started with options near or at the money at the time and long term.
My Jan 2017 7's bought for 1.35 last year around this time. Pulled the trigger on them last week and moved the strike to 12 and 15 for 2018.
The advantage is less capital tied up and typically 10-50% of the share price. The tradeoff is you don't get all the move.
12m left in the buyback... Given the continuous assault on the price, pulling the trigger now would be in the shareholders best interest on a long term basis... They have plenty of cash for the expansion.
yes, buybacks should be reserved for companies with nothing else to do with their cash. At least it increases shareholder value somewhat.
I had a good teacher... The DTD.... LOL
KH, I am very conservative in my options... all long term bias. Min 6 months. As my teacher says... Easier than shares. They are bought knowing you are either calling the shares or selling them. No sentimental attachment.
Don't like short term calls.... Buying March and 6 months is about my minimum. Especially at this point in the cycle.
Discount, you don't know how many times I've said I'm selling everything and going long Himx... Thought it at 6 thought it at 7. Thought it yesterday... Last 2 days added several hundred call contracts...
Yes late.... They know the score. They know the serial short attack patterns... What they released took no time through compliance. The PR should have been ready to go day 1.. not 3 days later.
Pag, weak response and late...
Interesting to dive into the Nomura release... Cited delayed growth... There was little growth in their estimate to begin with. Their 2017 target is now below the consensus 2016 .42...
I still expect this to happen:
"Consensus $0.42 $0.42
Q4 to go $0.14 $0.10
TTM pe 30 $12.6
2017 est $0.56
Forward pe 22.5
Consensus appears to be non gaap based. Either way Q4 will need to be .10 to .14. Q4 is historically a strong quarter. Based on hitting the full year estimate Share price should be 12.60 minimum by year end based on the ttm pe. That minimum would result in a forward pe of 22."
Amigo, From here, even the trimmed down estimates of $10/sh represent a 20.5% gain... Not a bad years investment.
This was not unexpected. A bit deeper than I thought could be pulled off. Have plenty of shares that I can sell a few to leverage up 5x shares sold (or more). Some mar 2017's and more 2018's... like the 10's here
As always, we are retail sitting on the sidelines depending on continued representative growth in the guidance. Enough doubt has been introduced here. would not be surprised at another spike and short before earnings. Either way If I was convinced 3 years ago.... Why not stay the course when port seems 18 months away.