re: my thoughts now. - ramblings.
Yep i agree, at the end of the day, the BEST way to value a stock can be to compare it with it's neighbours. And at the moment the likes of UNI, EMS, CST etc. etc. are all capped a hell of a lot higher than SLT. SLT could rise another 25% from here and still be VERY cheap relative to these others.
Going by volume alone, SLT looks set to have another go at the 48-49 level. During most of today there was little selling to speak of.
So once again with a mkt cap of around 10 million COMPARED to other bio's in similar positions this one is undervalued. IF what management say is right, they have a product or two that is ready to go to market within weeks. This is another reason why SLT should be capped at the same levels as these other companies. AS this will produce cash flow to keep the business going.
YES, sometimes we cannot beleive management, but that is a risk we take with all stocks.
Anyway to be honest, before it re-listed i expected this one to rise to 50 cents very rapidly. And at the moment i am trading this, but i am very suprised that it isn't above 50 cents already. I think all we need is another day or two of good volumes and just about all the profit takers from the float will be taken out. I beleive at the moment that thats the only reason the price is not higher. Since re-listing about 75% of the tradeable stock has been traded. That statistic is music to my ears, as it is physically impossible for there to be much more profit taking to occurr.
Anyway, i'm really going on and on here, mind you i don't have to spend all that time studying for uni anymore :)
Serious comments would be appreciated.
SLT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
