put it this way, im gonna load up more if the magic $1 barrier is broken conclusively
i got no problem buy ing it at a highr price and adding to my minute holding atm
I think that with normal EPS of circa 25cents and circa 30cents EPS with the asset sales, the share price MUST go to at least PE 5 going forward
i.e somewhere between $1.25 and $1.50 sooner or later
its a no-brainer that a PE of 5 could be acheived looking forward on a forward PE for a high growth company in the right sector with high cash flow generation.
FGE Price at posting:
89.0¢ Sentiment: LT Buy Disclosure: Held