Depends on the announcement next week and the broader market action. At the moment I'd say its undervalued based on the information available. I'd value it more around 35-36c based on likely earnings. But it still is managing its debt down (it seems to have an understanding banker at least, a lot of other companies in a similar position have been given a hard time over the last 3 years) and no likelihood of a dividend this fy, although maybe next year. So it could drift down further over the next few months, maybe mid 20's, but if they can keep their plans on track it could easily recover to mid-30's, even 40c over the next 12 months.
Low volumes traded as well so more a LT play at the moment.
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