re: snn - what the....
The dividend has become a problem or more like the lack of it and they havent increased their customer base. Somethings gotta give especially when they probably paid too much for the telco business and have debts to service ie. 3.5mil put option.
I think for a punt at 10-15cents its worth a risk as IT co's are now becoming popular with investors. I bought in at average 13.3cents thinking that was good only to see it plummit to 10cents the next day. Just as well I held back a little and now will wait to see if there are any movements with the upcoming announcement of the next two years worth of Ebit data on the forecasts for sonnet 29th Nov.
Now would be a good time to purchase as I cannot see it slipping below 10cents, the stock is tightly held and that is why I raced in Monday and grabbed a bunch.
SNN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
