70c support level broken, page-2

Hi Mod,
You better to review what you said in last Year (See below) when the SP was only 54 cents!

"If you do the numbers on this stock it looks pretty fully priced to me.

For comparison Ironbridge recently sold easternwell to transfield for $575m on foward EBITDA of $76m. Thats a EV multiple of 7.5. RQL is trading on about 8.5 and it is a smaller less diversifed and less resourced (well connected) company with high capex needs over the next 2 years (at least).

There are REAL risks that the company fails to execute in a competitive environment and that the company over capitalises and dilutes resulting in low EPS. I would have preferred the company to grow-slow using cash form operations and options.

With the recent cap raising we are likely to see people taking up the SPP and selling down so expect an overhang.
"
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1339381&msgid=7548525

What Directors doing Selling Or Buying? Anyone knows when RQL reporting?


Cheers

SAT