does it really matter if it gets to $4 because ultimately its going to take some time for the share price to establish its true value. only matters if you sell or you are highly leveraged. i paid over $5 and i feel reasonably comfortable when taking a long term view. the market is treating this as if they only build trains. Downer has a diversified client base over many different sectors. My jotted down figures shows work book at $16billion with rail resprsenting about $5billion. And rail revenue was about 15% of their total revenue for 6 mths up to Dec2009.
Just remember those who are telling you its going to fall to $4 are waiting to buy your shares so they are highly motivated.
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$5.88 |
Change
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Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.81 | $5.89 | $5.79 | $977.0K | 166.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1755 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 2358 | 18 |
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