GTP 0.00% 12.0¢ great southern limited

The technical reason for the buying..., page-14

  1. zwu
    2,424 Posts.
    lightbulb Created with Sketch. 9
    GTP this year earns 7.75 cents/share ($15.5m profit / 200m shares) which should at least worth $0.62 per share based on a moderate p/e of 8. But it dropped 4 cents and reached a new recent low of $0.50 today with a big turnover of 3.7m. Why?

    My concern is how the underwriter can be a big seller. If it is true, how on earth can they do that, or they really know something more than we do?

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Currently unlisted public company.

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