The market is starting to wake up to STR
Look at the end result
A company with 139m shares on issue
with a net profit of some $14m 2007 (more likely $20m)
Based on sector average PE of 13 this would equate
to market cap of $182m or $1.30 per share or
pre reconstruction 55c (55x5/2 =$1.30)
STR has always traded at a premium (15/19 PE) ,profits have exceed expectations ,maybe im being to conservative
TCI looks the best leg in now as you get 1.5 more share @ .87c for every 10 shares you own
To easy
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