Jamoo - that was essentially my first question (is there something fundamentally wrong with the company?) - however if you analyse the sector and sub sector and look at (TFX - 19.0), (WTL - 9.4), (OLI - 7.5), (MZR - 11.0), (IRA - 6.2), (CSP - 13.5), (BWK - 7.0), (ACE - 6.0), (ABK - 2.75), (WEA - 9.25) there are only 4 (of 11) with a PE above 8 and they have all (except for 1 or 2) taken a share price hiding since Nov/ Dec - so I am inclined to agree with MER that it is a function of market sentiment on Small Caps, Altx and general market conditions. My point about WEA was that because only 20% of its income is retail, it should be less affected by interest rates (and therefore retail building conditions) than some of the others. In fact it should be able to capitalise on the heavy infrastructural building taking place. - Anyway - your guess is as good as mine!