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Re: [sharechat] value, or mayhem?

From: Holden Glova <dsafari@paradise.net.nz>
Date: Sat, 28 Sep 2002 15:51:44 +1200

Hash: SHA1

On Sat, 28 Sep 2002 01:05, David Renwick wrote:
> 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.

Thanks for your comments David. It will be interesting to see how the market 
respects the support previously gained at $0.57. For me just starting a 
portfolio, I am thinking that this is too risky a stock (albeit undervalued) 
for me to purchase. The continueing down trend that this stock has taken 
since it has been in the stock market turns me off. Perhaps I miss out 
without taking such a risk? Time will tell - thanks again :)

- -- 
Holden Glova
Version: GnuPG v1.0.7 (GNU/Linux)


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