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Online Share Trading

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SNV good buy?

Reply
Heavy_D
Occasional Contributor
Anyone know anything about this share? Some changes seem to be in the air looking at the last few SENS announcemeent and Company News, also if you look at volume traded over the last 10 days or so, its a lot more than the norm over 2006. Could be a good buy or one worth giving a miss?
0 Kudos
6 REPLIES 6
Marno_1
Regular Contributor
Looks good to buy in at 16c especially after the good sense release of today.
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Taurus
Super Contributor
You wont get any at 16c.....
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Marno_1
Regular Contributor
Yes you are right I bough in at 18c.
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Taurus
Super Contributor
I think this is a good buy, only thing is if it will brake through the resistance of 20c...it was stopped 3 times last year June.....
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topgun
Super Contributor
To pay R190 m (market cap) for a company that made R3.8 m in its most recent 12-month period (PE of 50x) is certainly not very smart irrespective of the growth potential - in this case highly speculative. Santova has a stretched balance sheet and an interest cover of <2. Check the negative movement in cashflows!!!
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Heavy_D
Occasional Contributor
Good point, it is risky. COuld possibly break through the 20 into 22-23 territory, if can get in at 17c, can get out with a 30% margin in a few weeks maybe less... worst case scenario...share price wont drop further after the improved ratios surely
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