GFY 0.00% 33.3¢ godfreys group limited

Potential Buying opportunity or any dodgey IPO, page-12

  1. 1,528 Posts.
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    I beg to differ! This stock is currently going through a tightly held consolidation period. Sellers are not giving up there shares and are comfortable waiting. The volumes are getting better day by day as there are decreasing sellers and increasing buyers. The difference between the volumes is only 100k. Once it starts to really show more buyer volume GFY SP will hit $1.20 again. You have to remember this share has a pe ratio of less then 4 and has come off bad sales which it can build upon especially with a new CEO.

    Overall, this is still a profitable company which pays dividends and is 1/3 the IPO price. The potebtial SP growth on this thing could be big.

    What more do shareholders want??
    Last edited by bruutz82: 26/04/16
 
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Currently unlisted public company.

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