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54.5¢ slater & gordon limited

Short Selling Gross Sales as a Signal?, page-37

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jigurohit

139 Posts.

9

12/05/16

15:20

Post #: 17749302
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Originally posted by Ausbert ↑

Hello Patience ToWin,
I have not seen any updated earnings per share forecast after 2 May announcement. However, 6 analysts ( please see the link below) forecast high of $.53. We need to remember that these forecasts were done in April before the banking guarantee was given. It should be higher now. If the company does achieve $0.53 EPS and assuming 10 times of that, the share price should be $5.30. I am not predicting that we will get that much within a year, but still a possibility.
http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=SGH:ASX

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How irrational stock market can be?

- EPS is expected to be around $0.50
- Support from banks
- No top management reshuffle
- No changes in major shareholding (except UBS)

and still SP around $0.4.?

I dont want to wait till Aug to load up. You never know when this can easily shoot up. Loaded up fully around $0.41. Fingers crossed and waiting for market rationality to return.

SGH Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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