Sharechat Logo

Forum Archive Index - September 2002

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
 

Re: [sharechat] value, or mayhem?


From: "David Renwick" <david.renwick@paradise.net.nz>
Date: Sat, 28 Sep 2002 01:05:01 +1200


Holden,
 
Some investors don't try to rationalise others' behaviour - they just react to the share price and the trend. Anything is possible.
I can understand a high p/e in a stock that has outstanding growth or in a bull market but this?  As you've said the div is good but without looking at the report I suggest that it's coming from borrowings as the EPS is low.
The trend is down, down, down in whichever time span you look at it but it has support at $0.57 (where it finished today and on excellent volume - could be a chartist buying!)
I think that the chart shows that every 6 months for the past 4-5 years there has been a temporary dip in the price around div time. Conclude what you wish from that.
What do you think about buying now at support or waiting for the trendline break - which may never come. Will the stock lose 10% value before the next 10% div? What do you reckon - I'm here to discuss & learn too.

Replies

 
Messages by Date [ Next by Date: Re: Re: [sharechat] value, or mayhem? David Renwick
Previous by Date: Re: [sharechat] value, or mayhem? David Renwick ]
Messages by Thread [ Next by Thread: Re: [sharechat] value, or mayhem? Holden Glova
Previous by Thread: Re: [sharechat] value, or mayhem? David Renwick ]
Post to the Forum [ New message Reply to this message ]

IRG See IRG research reports