Originally Posted by
the machine
actually thought the quarterly was giving nothing to inspire the market- sp has gone backwards. the report is consistent with AT buying back in March - he could not buy unless nothing new was happening [and nothing new happened]
mr market clearly shows what it thinks of the lack of anything.
sure they have lots of cash and more rolling in - mr market thinks that without any clear forward plan then ppp will squander it and sp refects same.
perhaps sp will get a boost when tui reaches 12m barrels production early next week and comes clean that hey, with 55 days production to june 30 left then forecast will be more than 20,000 barrels per day.
with a p/e ratio in the local paper of only 8 times then the directors need to ask themselves why is it so low and going nowhere - like a p/e of 14/1 would see sp up near 39c au and a better reflection of the value of the company.
pr must be something other companies do
maybe now that the quarterly is out AT & co can ramp up the company a bit
M