With fear and panic so pervasive in World markets who can possibly predict where the SP will end up?
I remember during the chaos and subsequent bloodshed of the GFC I was able to purchase shares in a company called Forge on 2 time Earnings. This did quite well for me although I eventually sold out to invest the money in RQL.
If RQL gets to 2 times earnings (12c) I'm selling my Mother's house to invest in it.
This company has that wonderful combination of first class management, an excellent business with incredible prospects. Charlie Munger would refer to this as a lullapalooza effect where over many years great wealth will be created for any shareholder with the patience who is willing to stick it out.
It would be crazy to try and call a bottom, 40c? 30c? 20c? 10c? although I reckon this company is going to do very well over the next 5-10 years and no matter what goes down in the short term the SP will at some point in the future reflect the company's value.
Best Wishes.
RQL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
