RDF redflex holdings limited

anyone been watching, page-3

  1. 3,702 Posts.
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    Stoss
    Certainly seems to be plenty of offscreen support at around 2.40. In the last few days seemed to have moved up a couple of cents.

    I dont see much downside from this level. I also have no idea what will kick the price along but something eventually will.

    Fundamentally the stock looks fair value on 04/05 earnings but cheap on 05/06 so as time goes buy the price must rise.

    I dont see any bad news coming, their certainly be plenty more contract announcements over the next 6 months.

    I suspect we will eventually get a script shortage as more buyers buy for the long term which will put more pressure on the price to rise.

    Continuing to hold for much higher prices, $5 is the first target, then $10 , with $20 as the tattslotto target.

 
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