The MNF SP fall is 50% (use your figure of 100%). In the same period ENG has fallen from 6c to 1.3c which is about 80% (using your maths this equates to 461%), I do not understand why we are talking about depleted SP when it does not suit your position? I have no wish or desire to deride ENG SP but you keep forcing me to do it, can you stop this please. I am going to become even more unpopular than ever at this rate!
Whilst we should all be concerned and somewhat stressed at the current SP in ALL of our stocks, they are not to be taken as indicators of a companies worth at this point in time.
A company must stand on it's financials in these troubled times. When the fabled recovery comes, those with good financials will be the first to rise and the others will surely follow.
Cheers!
ENG Price at posting:
65.0¢ Sentiment: None Disclosure: Not Held