chartists: how low will vpe go ?, page-5

Fundamentals - in my view - have rarely been better for this "hated" stock.

Perhaps, but it now also boasts the highest no of shares on issue since their reconstruction only 2-3 years back. Granted, it also has a decent pile of cash, but the dilution from the recent option exercise and cap raising (which won't be the last) will continue to haunt current holders by diluting their equity stake.

Just for completeness and disclosure of potential conflict of interests (avoid being seen as downramping with a view to buy)... As disclosed in my previous post, I'm still on the sideline but at some point, if the price becomes attractive, I might just jump back in again. But it wouldn't bother me if I do miss the chance. Much better plays elsewhere IMO.

Also, I don't actually hate the stock, I just think it's being run by a bunch of self-serving blood suckers. And there is no use continually blaming the stock haters for selling down. I suspect most old-time haters like myself already sold out long ago. If the stock is still being sold down by haters, the only way that's possible is if the majority of the retail holders are haters - which is possible, but not exactly a good reflection of the company or its management.

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