possible bounce, page-5

While it is true the share price is falling, I try not to base my investing decisions on where the SP of any company. I learnt that lesson from Centro(CER).

Shares where at $2 however their parent CNP, had some big debt issues and there was some uncertainty of rolling over debt themselves. There shares tumbled over 12months to 2c. Heaps of people just sold out their shares because the price tumbled so much. However the fundamentals of the company where pretty strong. They sorted their debt issues cleaned out management got back on track and where trading at around 30c again over the next 12 months. Their is a lot of people who got very rich out of Centro.

I see Hastie as in the same position. They need 12 months to clean out the management. Reorganise and get things running smoothly. It maybe hard to keep buying atm but I am. The market CAP atm is half what was raised 3 months ago in the CAP raising assuming the existing company was worth $0 its still now worth 80 Mil less then the 160Mil they got from the CAP raising.