Ann: Hansen Technologies FY18 Trading Update, page-25

Last time Hasen had declining earnings, it's average PE was about 12. And the SP was flat after that for the next two years.

So the way I see it, SP may drop a further 37% from here, and recover in two years time.

If I were a holder, I would sell, invest in something that has more immediate growth and come back to Hansen in 18 months time when earnings forecasts look better.

Each to their own, but I expect Hansen will underperform for the next 24 months.

If anyone asks why a non-holder has an opinion on this stock, well, it's because I spent some time researching it today to determine if it were worth investing in. In the short term, it's not worth it.