ASC 6.67% 1.6¢ limited

No hope for Australia, page-25

  1. 22,691 Posts.
    My post on ASC, Ozestock:
    "Thanks Carl. Bought a heap of ASC- I already have ASCOA.

    The latter could be good buying but any div's become important at a low price of 29-29.5 cents.

    Come to think of it, twice the projected 2003 P/E of 3.68 is 7.4 and that would mean a price of 56 cents.

    2.5 times the P/E of 3.68 is 9.2 and that corresponds with a price of 70 cents and that is what they should be selling at in my opinion.

    The alternative pessimistic view would see them selling between the 2 values, ie 56-70 cents.

    Am waiting and may get back in for more.

    Those are my opinions,


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