SCE has announced a new business, any thoughts on this. I know there are suggestions there has been shady deals and I'm the first to agree, but they do seem to be a fairly good growth company. Maybe if there was more trust there the stock would be worth many times more.
The new business seems to be an extension of the existing one but they have come up with a dry cell transformer 3 times in power. They say they are the first in the world and it has been testing for a year and has now been passed. They are building a new plant to manufacture these.
With China admitted to the WTO would they seem to have a faily rosy future?? The release is on comsec. The shareprice certainly does not at the moment reflect the profits, growth, new business' ect but seems to reflect more on the distrust investors have for the company. The shareprice and market cap would be more fitting for a company that is in huge debt and making a loss.
Surely at some point this will change with continued growth in profits, but when.
SCE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
