not at all froddy. i said i thought 2.20 marked the bottom and im still of that view.
the stock had already priced in todays result - then today's announcement reminded people why its at the bottom of the curve.
the presentation is a bit misleading - that capex for the new was centre is being financed separtely and wont need drawdown on company balance sheet.
i think the exact stock price bottom will be determined by the various risk on/risk off ebbs in the market overall - but at the fundmentals level this stock has turned the corner and im more than happy to buy and hold here.
thats why the fund bought in recently.
dont know if the new ceo is knowledgeable with equity markets - because that will make the big difference in whether the SP recovers quickly or slowly.
like watching a slow motion train wreck, page-23
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