GFS 0.00% 0.2¢ gasfields limited

Technical comments? - Alpha, page-2

  1. 10,605 Posts.
    lightbulb Created with Sketch. 26
    Nothing technical here to help you SD. Someone wanted stock really badly and bought up pushing the accumulation index sharply upwards. Check NTA per share of about 11.3cps (back of the envelope). Ran a loss last year of $43+ million including the write off of all of the compnies intangible asset value taking net assets from $60 + million to $16 million.

    The directors of this company have pushed it into the ground and that is usually a good sign to stay away.

    However, market depth looks interesting for a short term play. Maybe you can get a few percent ?

    Cheers,

 
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Currently unlisted public company.

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