From today's Ann, GS amongst others have been doing the shorting, driving the SP down, hoping to trigger stop losses from holders. Shorters must have been disappointed the announcement wasn't so bad, and the SP was only pushed down 10%. The fundamentals are so strong on this one, the SP will recover IMO, especially if there is a contract win and positive news in coming months. A good one for the holders, even better to take any opportunity to get more at lower prices. And China is "only" growing at 8% nowadays.
PE 3.7
Current Yield 18.36%
Yield if 16c div 16.33%
Net Debt $0.00
FY14 Work in Hand $1,300,000,000.00
Tenders $3,450,000,000.00
DYOR
gs ann - shorters for short term...
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