According to a recent announcement, PPT have ceased to be substantial shareholder!
The SKE price may have been affected by PPT progressively selling off it's substantial stake over a long period. During the past few weeks the SP has recovered a significant %. Comsec still shows a PE of 6.5 and dividend yield of 10.6%. This is overstated, given a recent downgrade in 08/09 forecasts by the company. but..perhaps this is the start of this stock getting back on track and perhaps the revised forecast was just a few bad months during the crisis?
Note: I hold Skilled Engineering shares and am not an advisor. Any comments are intended for general conversation/debate and must not be considered as advice of any kind.
SKE Price at posting:
$1.56 Sentiment: None Disclosure: Not Held
