Blue chips struggle with PE ratios of 10%, i.e. many are overvalued compared to their PE - look at your mining stocks right now, so in the spec end you won't see this because spec stocks have no or little revenue hence why SP is normally below 10c. Look at the lithium stocks - explain PLS/AJM SP when no revenue now, or explain IOT and XPE too me. It is about future potential down here in the specs, and when that revenue potential is seen well SP just rises - see PLS. If already at PE 10% this stock would be worth over $1 per share now, so as an investor the fact you are looking for spec stocks with a current PE of 10% is a laugh in itself.
Your point is that you don't see this share getting to a PE of 10%. Maybe you are right, maybe you are wrong but where is your evidence. I guess shareholders will find out after revenue flows and the D deal. As I said in a post earlier today right now traders are looking short term, investors long term - there is a crossing point. SP might fall in the short term but expect with revenue (and the way it translates through to profit) when the market wakes up in one month time the price could be heading north as PE future realisations come to fruition. All IMO. I have provided an opinion on research, now how did you get to yours again.
On your bike tummy rumbles.
TV2 Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
