Acronym, r u around?, page-2

  1. 730 Posts.
    G'day Stock Doctor,

    I spoke with the CEO last week.

    He is going to Melbourne and Sydeny this week to speak to brokers.

    I told him he could put a rocket under the share price if they declared a dividend of say a few cents.

    That is probably under consideration.

    He also indicated there was over 400 share holders before the time of the float, who have held for a number of years, whilst being unable to sell into any market. So on listing, obviously a number of them bailed, hence the significant depreciation in the float price of 50 cents.

    Price targets? I'm not sure, but I do know that at these levels, there will not be a lot of volume. At some point, the buyers will meet the sellers.

    It is not sustainable for a company to trade at 1.5 times earnings for a long time.


    Hope this helps.


    Regards,



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.