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Quakedog
Super Contributor
Trading Statement Expected headline earnings per share for the financial year ended 30 June 2011 to increase by between 22% and 32%, and earnings per share to increase by between 18% and 28%, compared to the prior year
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4 REPLIES 4
Quakedog
Super Contributor
HAHA i took 1000 cfd's at 340 so I am ......!
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striker
Super Contributor
- Much like AGL's positve update ,unbelievably both down on the day. Market sentiment can be a real *****.
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striker
Super Contributor
- Rhymes with ' Itch'
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Not applicable
Problem is that the forecast does not really cast any light on SOL's earnings. Analysts had already forecast at least 20%, so no real surprise there. But SOL is trading pretty cheap right now, at a PE of around 10, should be good for at least 15% up from here. However, when markets do the opposite to what you would expect (sell off in good news), that has to be considered bearish
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