Just started looking at this share. In ZAR terms, the Iron Ore price has increased by 25% in the last 6 months, while the share price has decreased by 77%. Now I know that the China slow down has a lot to do with it, but does it account for all the drop? Is there something I'm missing?
It's the same story over and over, be greedy when others are fearful and be fearful when others are greedy. You will only understand that when you have been in the market as long as I have using your own money and survived all that time.
Looking at the SENS announcement on 6 November 2015, they stated EPS would be ZAR6.86 lower than 2014, making anticipated EPS for 2015 of +/-ZAR26.50? And this announcement was before the possible ZAR blunder in December. Would this mean then that the current PE is +/-1.1?