zwu,
All I'm saying is that anybody can tell me what the price is.
Hotcopper is full of noisy people and fake investors.
Not many know how to calculate value.
This is because company valuation requires more study.
Here's an email attachment I sent to a friend to try and explain equity:
http://users.tpg.com.au/mdsl/tmp/jhx_shareholders_equity.JPG
If you want to know what brokers do all day with ratios then learn how to compose these things:
http://users.tpg.com.au/mdsl/trading/ratio_analysis_v1996.xlt
