Most likely we have not seen the bottom but if you are in for the long term it probably will not make much difference anyway. SP movement will depend on anns and the outlook in the half yearly.
ANNS to look forward to:
Euro patent
Half yearly and outlook due next week.
Sea Struct acquisition - by end March
Delivery of ROV'S
Vessels
Other major contracts as they are won including the first one from BP.
I guess a few punters are holding back hoping to get in at the bottom - good luck to them.
Nothing negative to the stock has changed since Patersons put a target of $1.26 for the SP and a DCF of $0.99 per share so in the low 60's they must be a screaming buy.
I guess everyone is gun shy at the moment.
I keep thinking that the full year results will be dominated by the second half and that good growth will continue.
Most likely we have not seen the bottom but if you are in for...
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