is this well undervalued ??, page-30

Does anybody know the reason for the fall? Earnings seem to have halved, but the SP has fallen much more.

Why are the directors buying such small packages? Are they doing it simply to instill trust through director purchase announcements or do they want to increase their holdings? Wayne Stringer increased his holding by 0.1%.

Since they spent a lot on investment in 2010 I am assuming the 2010 figures get distorted downwards making the earnings look bad, making the SP fall. Then in 2011CY we'll see the benefits of the investments, making record profit, or at least strong profit.

Analysts are projecting 2011 and 2012 earnings to be half of the 2010 earnings, if there good reason for them to project weak 2012 figures?

EPS in June 2008 was $0.13 and SP was $1.30, PE of 10. Analysts project $0.09 EPC for 2011/2012 but SP is just $0.56, PE of 6, on projections that to me seem conservative. Is this share trading at a discount like I believe?

Will earnings ever match previous years' earnings?

I am new to this company so I'm trying to understand its history.

For now it seems like a game of pick-the-bottom before the recovery.