Hang in there. All will be ok when the market returns to normal. I have a lot of faith in the directors. Below is an extract from
www.stockpickers.co.za, I quote :"African Cellular Towers produces and manufacturers steel communication towers and electricity pylons. Conditions are buoyant in the industry with Africa hungry for both communications and electricity. Recent results showed HEPS of 17c putting the share on a PE of 7.6. This is likely to fall substantially over the next two years, given growth rates of 40% and more. Eskom is expanding their footprint substantially and AC Towers, with its high skills base, is a prime beneficiary. This is a growth story and as such, there is no dividend. My guess is that the share will recover rapidly once market sentiment turns. It is a former favourite of the small company sector, trading at around the R3 mark. There is significant upside from current R1.30.
