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?

 
watchlist Created with Sketch. Add GTP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.