RQL
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0.00% 26.0¢ resource equipment ltd

LOL.. I can't even multiply 3.8x2 and i fancy myself as a...

  1. DSD
    15,757 Posts.
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    29/02/12
    01:33
    Post #: 9766437
    LOL.. I can't even multiply 3.8x2 and i fancy myself as a investor :-)
    Nevertheless, if one takes the (lower) figure of EPS FY13 at 7.2c... a PE of 5.76 is low by any standards. (at 7.8c it's just above 5.0!!). Buy on dips, hold until 55c and then consider carefully the risk/reward ratio. A couple of decent contract wins can move SP significantly.
    RQL Price at posting: 45.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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