Today price has revisited 1.00 and close at 1.01, looks rather negative and may likely continue to trend lower.
The company has started to buy back share today but this is just temporary and may likely see further selling down pressure!
Immediate resistance is at 1.00. Breaking down of 1.00 would be super bearish and likely to retest the previous low of 95.3 cents then 88 cents with extension to 80.
cents .
NAV 45.5 cents
EPS of 3.8 cents.
PE is about 26x at 1.01.
At 80 cents , PE is about 21x , I think would present quite a good price for me to accumulate.
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment