It is right on $7.20!! The odds is in favor of breaking out. Let's see it today.
How the market had mistaken this stock. As far as I know, the Seven Media 50% JV is valued zero in SEV's book. But the latest surge is attribute to the speculating of good fortune in the Seven Media!!!
Still remarkable. The XJO down 7%, and SEV had a new 12 month high.
$7.50 is the rock bottom target. If we get there, I think next significant resistance is at $8.50. It is a major one, and near its NTA, and 80% of book value.
I guess IOOF is still buying. It is only one of a few fund managers that are doing maths. What a pity! Most of them are still associate Seven will the dreadful Channel 7, loaded with debt, etc., etc., Actually, I guess Stoke would like to run Channel 7 down, and than buy it back at minimum price, like Paker did with Channel 9!
Good luck, SEV and SEVPC holder.
SEV Price at posting:
$7.20 Sentiment: Hold Disclosure: Held
