Yea, very bad ! And I bought @94 - worse trading decision in my trading history ! The PE shows -4.83 Does that mean it is trading too cheap ? It's now 64% off the all time high - something is wrong - very wrong - I wish I knew what.
Robbie,if you look at their last few months sens items their is no good news.CEO resigned,arbitration with Honeywell concerning about $6mil which Honeywell claims Sal owes them,strike at their operations,delay in posting their financial statements,etc.Their profit forecast for the year ending June 2008 is about R40 mil, but if they lose to Honeywell this could become zilch.They ran at a loss for the year ending 2006,hence their negative P/E. Also all the directors' dealings for the past year or so seem to be sales of shares,except for some stock options.It seems that the reasons for the share price dropping are all there in black and white.
Their hard assets have picked up, which is good, but they have a problem regarding the cash flow from operating activities! It's not that bad, with proper management this is a turnaround story in the making and 55c could be a real bargain!