ASX 1.87% $66.42 asx limited

bonkers, page-4

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    PWR bearish sector----bullish to an extent Obviously as the selling pressure is relieved the stock will then progress upwards----back more towards its true value--well earnings per share for half year is 1.6c--so if we multiply that 15 times we get 24c---now the stockmarket hates uncertainty but the papers have just come out and stated that PWR will end the year with a 12.3 mill profit so if we add another 1c to the 1.6 that makes 2.6 if we then multiply by 15 times we get 39c-----so now that the papers have stated the facts on the entity--that were ambiguous before---people now know how to value something and there is no uncertainty there, so we have an oversold situation on the extreme. (quite apart from a bearish sector)
    Cheers,---Steve.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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