It was undervalued when it was $10.50 and ratios were still less than other peers and it still dropped... some of us have been commenting that the SP is totally disconnected from the fundamentals...while others mentioned that the directors selling out at $10.50 indicating to market that its the best price its going to be for rest of FY16....
Recent news to calm nerves has been pathetic on the SP while other peers' SP are soldering on....
The question on everyone's mind is now... how far will this go ? or is this the end ?
Not Good!, page-93
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