re: Ann: 2009 First Half Results and Capital ... Huh? You 'don't think it can ever' reach 10cps? What makes you so sure? The forecasts by forecastors have always been short sighted. Did they see the GFC coming which abruptly impacted BLY? No. But now all they can see is the GFC.
The original forecast for 2008 full year was 22cps. The GFC abruptly brought it down to 16.4cps. U.S. and Europe are also coming out of the recession. So it's no longer just China that is buying metal. IMO a return to the 2008 level of earning is possible in a few years because of the increased demand from China + U.S. Europe recovery. So I am looking at 20cps pre-dilution in 3-5 years i.e. 10cps fully diluted.
I know your sentiment is sell. But you've got no shares to sell, except if you short.
re: Ann: 2009 First Half Results and Capital ... Huh? You 'don't...
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)