27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Shares of MiX Telematics (NYSE:MIXT) rose 3.6% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were down 57.89% over the past year to $0.08, which beat the estimate of ($0.04).
Revenue of $27,497,000 decreased by 25.77% from the same period last year, which beat the estimate of $27,120,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
MiX Telematics hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Jul 30, 2020
Time: 08:00 AM
Technicals
Company's 52-week high was at $15.78
52-week low: $6.64
Price action over last quarter: Up 5.50%
Company Profile
MiX Telematics Ltd offers fleet and mobile asset management solutions delivered as Software-as-a-Service to customers across the globe. The company solutions include MiX Fleet Manager Premium; MiX Fleet Manager Essential; MiX Asset Manager and Value Added Services. It serves Fast Moving Consumer Goods, Utilities, Security, Construction, Transport and Distribution, Emergency Services, Government, Rental and Leasing, Mining, Oil and Gas and Public Transport industries. Geographically, it derives a majority of revenue from Africa and also has a presence in the Americas, Middle East and Australasia, Europe, Brazil and Central Services Organization (CSO). The company derives maximum revenues from subscriptions to its fleet and mobile asset management solutions.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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