i believe this will take off very shortly, its an industrial share with global (mainly china) production and service to mining and mobile phone which i belive will both pick up very shortly.
It floated 2 years ago for $2 dollars!
signs of a price bottom and now in recovery.
could easily run to 50c.
this is what i wrote a month or so ago:
i believe the profit downgrade and subsequent price crash is just a short term negative for the company.
like hfa was, i believe market sediment is extrememly negative towards the stock at the moment. a typical sign of a bottom. i believe things will improve over the next 6-12 months.
profit could return to 10 million + which will rerate the stock to 50+ cents.
the stock is at rock bottom prices now and provides a good risk/reward situation.
good luck
anyone following this stock?
SAV Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
