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Online Share Trading

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Waiting impatiently to enter...

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Mr_S
Super Contributor
I have been waiting on the sidelines for quite a while trying to wait for the lowest entry into this share. It doesnt seem to be getting any lower, its PE is still a stubborn 27 :-/, does anyone think it would go any lower? I would be comfortable with an entry below R160...unrealistic??
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3 REPLIES 3
Douw
Frequent Contributor
I think it will continue for some time (month or more) in this sideways mode. Looking at the linear regression line I don't think there will be upward movement soon. SPP painfully trapped me recently under similar conditions.
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Mr_S
Super Contributor
So you recon one should wait a little longer for a drop in price. Because im not willing to enter with a PE of 27, surely that isnt wise...:-)
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TheKwok
Occasional Contributor
From a relative point of view, the valuation still seems a little high - https://sites.google.com/site/sasharingshares/ Maybe wait until the next set of results to see if it pulls down the P/E sufficiently for a decent entry
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