look the 'traders' can do whatever the hell they want with it, but the INSTOS know the numbers
you can look at a stock as a trader and say it was once 11 bucks and now $1.35, but fundamentals have changed. ROE and ROA dont look that great anymore as they used to. Debt is still 550mill even after the massive cap raising. Shares on issue have doubled. EPS is lower
i still dont like all that debt, and i dont like the low margins
In my opinion the market wont give it a PE above 5, so $1.10 is my valuation based on an EPS of 22 cents per share
Someone check my figures plse
TSE Price at posting:
$1.32 Sentiment: None Disclosure: Held
