Sharks - happy with todays action. Up on a down day. My experience is the rerating commences within a few days of a god report. I was looking at mah months ago when they had a profit upgrade. The rerating was gradual at the start but has continued solidly for weeks resulting in a 50 percent appreciation.
Most brokers have this years earnings per share at around 6Cents for 2012, so if all ROC does is maintain the 2011 PE ratio the price will appreciate to 60 this year and 80 next year. I think we will see a steady climb to 50 over the next 1-2 months. Holding plenty so every cent is a bonus
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