CTP 0.00% 5.3¢ central petroleum limited

why all the selling?, page-47

  1. 2,132 Posts.
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    Mickeyroo - you cant just compare shareprices as it different companies have different amounts of shares issued. Look at market capitalisation, EPS, PE ratios, (historical and forward looking), dividend yields, debt equity ratios when contrasting companies and importantly you need to make some judgement to forecasts or future potential.

    Some of these won't apply to all companies. But Commsec is showing market cap at 715m for EGS and 45m for CTP with 08 EPS of -0.6 and -6.4 respectively. CTP has over 30m cash backing the market cap forgetting anything else like the huge reserves it is sitting on which we all hope will generate the revenue. These are the sort of things I would be considering and though I give no advice I am of the opinion CTP is undervalued when considering its future potential and that is why I have been buying over the last 3 days.
 
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