Shortsell, page-2

"Looking at the chart of worley parsons ltd ...and also reading the reports...it is very hard to say that WOR.ASX will make progress any tym soon ."

@tanweer,

I avoid broker reports like the plague, but it pleases me greatly to hear that they are negative (which is what I think you are saying).

Given the long-observed appalling track record of stockbroking analysts, the times I tend to worry most about my investments is when I find my views according with those of the so-called analysts.


"..infact i personally think that it will fall and well below 7.50 upto 7.00 ...in the near future"

I have no idea how to predict what share prices do in the short term; all I know a little bit about is to how determine fundamental value.

And I see the company's stock being fundamentally undervalued at the moment.

Which is why I am buying WOR shares (in the face of all the negativity... that's when I love buying shares the most.)

So if I see value now, then I sincerely hope you're right in your predictions for the share price to trade at even greater discounts to my assessment of intrinsic value.

Even without any Revenue improvement from current levels and even without any meaningful margin uplift in FY2018, a $7.00 share price would value the stock at under 13x P/E and under 7x EV/EBITDA.

I'd relish such an opportunity.