ratkin
04-07-2012, 03:12 PM
Not much on this company. Fair to say that the GFC hit it hard. The company has started to repair the damage and is emerging leaner and meaner , although it hasnt been helped by recent weather related events.
The good news is that all the negativity is reflected in the depressed shareprice (hopefully)
A series of write downs has seen the price go as low as 1.69 this year ., the long term chart is still down but there are signs of a turnaround , short term charts looking good.
Today they announced 200million in new contracts including one in the US for 100m lasting 34 years !!
he market is being slow to forgive for past losses , but the company itself has been confident enough to have a share buy back in place , the current P/E of around 11 is lower than for sometime , and it appears only a matter of time before sentiment becomes more favourable. Im in today at 1.85 with a long term view , and will hopefully be posting in three or four years to tell you how well iv done.
:D
The good news is that all the negativity is reflected in the depressed shareprice (hopefully)
A series of write downs has seen the price go as low as 1.69 this year ., the long term chart is still down but there are signs of a turnaround , short term charts looking good.
Today they announced 200million in new contracts including one in the US for 100m lasting 34 years !!
he market is being slow to forgive for past losses , but the company itself has been confident enough to have a share buy back in place , the current P/E of around 11 is lower than for sometime , and it appears only a matter of time before sentiment becomes more favourable. Im in today at 1.85 with a long term view , and will hopefully be posting in three or four years to tell you how well iv done.
:D