ISA has really dissapointed me.. There has been no news to warrant the downward trend and this share was tipped on both red hot penny shares and smallcaps.. that was when it was around 55c. Any views? more downturn or reversal on the horizon?
I have held and been buying on the lows. This one is a good div play in my opinion. Also i think it has been going down in thin volumes, MAM3 finished today so small caps that have been favorites should start to stabilize. Give it a month then see what happens. OMO
this will be exactly the wrong point to exit ISA in my view. Having been negative on ISA (check previous posts) owing to its lack of topline growth and the dilution caused by the issue of 62.6 m shares to BEE interests at 35 cps last year, ISA at 37 cps has a market cap of R71.3 m and net cash of R35 m or 18.1 cps!!! While HEPS growth will decline to 5 cps from 5.9 cps previously owing to the aforementioned dilution and a full tax rate this year, a PE of 7.4x given the cash flush b/s is surely a buy purely on a quantitative basis. I don't own any yet but will certainly buy at 35 cps.