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Ann: Half Year Report and Accounts - 31 December 2017, page-31

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Davisite

19,199 Posts.

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30/07/18

21:24

Post #: 34633400
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Originally posted by jonk75 ↑

I take your comment to imply that you think that once trading resumes, that the SP will go even lower. Admittedly they still have to do a bit of work before trading resumes, but contemplating the possibility that it winds up is pointless at this point in time: it hasn't wound up despite all of the doom & gloom, & even if it does wind up before it starts trading again, there's nothing anyone can do about it.

On the other hand, if/when it does start trading again, it will be a good sign that its most serious issues have been resolved. It may still dip a little while those who have bought into the doom & gloom liquidate their positions, but from a Warren Buffet value investor perspective, those bargains are the best time to buy. I can't see on what basis you would imagine the SP would free fall after the resumption of trading, when the prerequisite for the resumption of trading would be to solve all of the major issues that might have otherwise been bad for the SP.

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Comedy gold. On a terrible day for the shareholders you have provided them the laugh they need.

BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
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