OSH 0.48% $4.11 oil search limited

why the sh*t valuations by brokers!

  1. 3,286 Posts.
    lightbulb Created with Sketch. 87
    why do brokers put such sh*t valuations on things such as OSH - without anything else it should be a lot higher based on PE's such as TAP, ie 14.

    do they discount OSH to a pe and forecast pe of 7 due to sovereign risk etc.

    for f*cks sake it is paying a dividend as well, has no debt and all the blue sky, apart from the pipeline.

    surely once all the recent news and developments have been consolidated and bedded in, on a reasonable PE of 12 - 14 it would be worth as a minimum $1.50.

    cheers

    Mike Salad

    look at it 2 years ago and longer and it has f*ck all fundamentals.
 
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