Share price going one way

[DG1]

is it time to rid my portfolio this share ? or do i wait for the management to unveil a plan ?

[#2]

Might be going as low as R3.40 short term

[DG1]

what's your long term view, the last time i looked their balance sheet was cash rich!!

[#4]

I agree it is trading far below its value (10.46????) any dealing by directors. If they know something they will be buying.

[DG1]

the last ten days of june saw their directors purchase over 100 000 shares. Sharenet's long term view is that it's "buy". do u concur ?

[#6]

Put it this way. I would not be buying right now. Wait until the current downward trend is broken.

[DG1]

if u have the shares it worth while sitting it out ?

[#8]

Are you investing long term or short term. Long term I believe the share will go up. If you are in for the long ride hold on. If not why did you not make use of a stop loss strategy?

[DG1]

long term buyer but i am just worried, the share has already lost 20%. in value since i bought it

[topgun]

oh boy...you must have missed the SENS of 15 May alluding to an expected 40% decline in HEPS to June 07. FWD PE probably about 9x at 400 cps. difficult call as the share has already taken a beating. I will still not be a buyer as semi-durable volumes might contract further in the near-term given rising interest rates. Best to wait before you buy. I will sell existing holdings on a bounce. OMO