jarg - your analysis looks pretty good to me. Profit for the half-year was 4.63c, and the next half-year could be just as tough. A full-year profit of say 9c puts ASL on forward P/E 9. That's no cheaper than others in the sector, and with the recent double whammy of a downgrade and removal from ASX200 I would expect the share price to stay weak for a while yet, maybe months not weeks, esp as we're approaching the annual "sell in May" syndrome. I'll be hoping to add some more at prices much lower than today's, but if the price just goes up that's fine by me. Patience needed. Debt is higher than I would like, but the company's cash position looks OK to my untrained eye, ie. it should be able to ride out the dip OK.
ASL Price at posting:
80.0¢ Sentiment: None Disclosure: Held
