Forum Archive Index - February 2004
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RE: [sharechat] Postie Plus Group
> These shares are now below issue price. Does
>anyone see an improvement in the PPG share price down the track, or should
>I, as a small shareholder cut my losses now?
>
Good question.
When they were at 1.08 and using their forecast I calculated PPG having a PE
of 8; thus a good buy.
Maybe something went wrong with their expansion strategy and they have
trouble reaching their forecast?
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