He's not off to a MET village now percy! Although might require a rain coat there as well ;)
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Buyers still re 2 to 1 and the seller @ 84c is shrinking numbers wise. Could we see 85c today?
Don't really want to call the promotors liars but lets just wait and see shall we. Trust is earned, not given. As to valuation and being the cheapest in the sector you should note that consensus underlying EPS for SUM is 31 cps for 2017. That's an underlying forward PE of 16.6 for a company with a compound underlying growth rate average of 48% since it listed just over five years ago...a proven performer with consistent growth. As far as I am concerned in my investment playbook there's a VERY big difference between proven consistent growth over many years and a newcomer with no history of proven growth forecasting a one-off 40%. Each to their own though and all the best to holders.
I'd be surprised if the very experienced, very capable people on Oceania's board would risk their reputations by being associated with any dodgy statements in the Product Disclosure Document.Quote:
Don't really want to call the promotors liars but lets just wait and see shall we.
I would be even more surprised when they have not only had shares issued to them (maybe also brought them with their own cash in the past), but some have already brought more shares on market using their own cash, well exceeding 200 thousand dollars worth... and Oceania isn't a PE quick flip listing either (both of these points I have already mentioned).
Nice to check my brokers latest research today to see Oceania as the no 1 pick in the sector:t_up:. Price target 97c. In depth 63 page research looks to have helped the s/p today.
Craigs ,naturally;)