looks cheap now, page-8

JGunter99,

I would like to add to my position in ARI but agree with you it is concerning last week and today's IO=$US 101. Note : I only focus on fundamentals not trend.

The short interest is just below 2%. Goldman Sachs has nothing to do with the fall from 187.5 on Feb 18th at 10:30am.

The share price has fallen since Feb because it did not re rate to a P/E multiple. Current price is wrong in terms of valuation based on any method. But it can be wrong for a while. Recent market update had positives and negatives. All minor is the scheme of things. I hope for a re rating after the FY14 results in August as gearing will be 30%. Of course that is 3 months away and the Iron ore price might push it lower until then.