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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$5.71 |
Change
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Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.82 | $5.85 | $5.71 | $3.075M | 533.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23129 | $5.71 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 1925 | 2 |
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