As I was replying to your post I was also listening to the ABC 7.30 report which was featuring a report on TEN. ing The crux was, even after this current raising, do not expect The 10 Network to earn more than 3c. per share over the next 3 years. Applying a PE of 10c. per share puts the share price at around 30c. in 3 years time. We all know how the market treats under performing stocks.....so PRIVITISATION here we come.
TEN Price at posting:
26.9¢ Sentiment: None Disclosure: Not Held