SCE suntech environmental group limited

Asset Backing 8 cents

  1. 60 Posts.
    I was looking for cheap stocks and have found SCE, For the year ended 31 March 2002 it had earnings just under 3 cents per share, At this date (which is it's year end) had an asset backing over 8 cents per share. The shares are currently trading at 4 cents so I see no downside as they have gone to 11 cents over the last 6 months. It would appear that this stock has little downside so I have taken the punt. Does anybody else have a view or has it just been oversold in the current market. I suspect it has been oversold.

 
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