PSA 0.00% 2.1¢ petsec energy limited

decreasing share priceincreasing volumes ,not good...

  1. 1,121 Posts.
    decreasing share price
    increasing volumes ,not good signs

    irrespective of what we think
    its what the market thinks that counts

    sure it might be cheap ,but other than
    that, there is no compelling reasons
    to buy (mind u 95c is compelling enough
    for me)

    however if the cash flow is as good as we
    think ,why not pay divs commencing 06
    even on 30% payout ratio may equate
    to 10c per share

    hey whatta I know ,took placement in THK
    at 1.05 against better judgement (do like the stock
    now or at least another month)) & its fundamentals
    are not as strong
 
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