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Community


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Online Share Trading

Engage and learn about markets and trading online

Ouch

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sponono
Super Contributor
.......that must hurt!!!
0 Kudos
7 REPLIES 7
Prestonmyhusban
Regular Contributor
So did you average down yet?
0 Kudos
kwagga
Super Contributor
This share droppend off my tenbagger watchlist in a flash.
0 Kudos
Not applicable
Preston - you don't think its worth averaging down here? You see this as down and out for good now?
0 Kudos
manere_fortis
Frequent Contributor
My tuppence worth. Surely the market has known for a while that these 6 months were poor? Commentary (JP Verster)is that this is a great management team that will produce more good results like when they were doing the Escom contracts. PE of 8 is not demanding. I have bought some on 6 to 12 months outlook.
0 Kudos
reyden
Frequent Contributor
A management team that loves trading its own shares, especially the underlying derivatives
0 Kudos
partridge
Super Contributor
Ah yes, "the desolation of Ellies?" I think Reyden has it : the share price is starting to look like the perfect Bell curve - on the downside(. Averaging down is..... )
0 Kudos
SimonPB
Valued Contributor
agreed, the update was slightly worse then expected but a negative update was expected
0 Kudos