no need to spill a lot of ink on this. we anticipate a continuation of higher lows.
Trade active
management has guided for 50% growth in EBIT due to lower losses from the Ethiopian division. we are long for the foreseeable future. Note
SCOM is retracing after reaching overbought levels. anticipating a consolidation period and would size up as price breaks out. the company's Ethiopian operations have dampened valuation. sustained progress on that front would be the catalyst for much favourable price action. Ethiopia is known for conflicts and currency depreciation. there will be enormous value creation if SCOM can succeed in that country. i'm betting on management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.