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Esor on the move?

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Newbie
Contributor
Am I the only private shareholder left in Esor? I was impressed by the profit release last week but with that NAV and the new HEPS for the year expected a bigger move in the price or am I missing something? Any feedback from other shareholders?
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Chopchop
Contributor
No it's just a terrible industry to be invested in so its not going to trade on a high PE multiple. Still I'm holding some because I rate it is cheap and if it can bring out another decent profit in 6 months maybe it will start trading on a Pe of between 6 and 8 so there could be some upside. Super risky investment though and definitely just a punt
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Newbie
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Yes it is risky but I think worth a punt. At the present PE of under 3 all it will take is the November results to match the last set and sentiment to turn enough to move the PE to 6 and the share price will double. I follow this share amongst others closely. I also noted the restraint of trade on the geotechnical side of the business covered SA and I saw some news they might try expand this side of the business to beyond our borders. As always, time will tell.....
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