HST 0.00% 16.0¢ hastie group limited

an order book of 950m! (albiet at 2.5% margin), yet the market...

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    an order book of 950m! (albiet at 2.5% margin), yet the market is valuing HST at a total market cap of - 69m. EBIT Forecast of $50m for FY11 or i.e a P/E of 1.39!! i thought i saw silly during the GFC but this takes the prize.

    Cash on-hand 70m
    Non-Current assets 408m
    Non-Current Liabilies 248m
    NET ASSETS $231m

    If i was a lender and I was worried, I wouldnt be agreeing to a standstill, id be liquidating the company. What a joke! On top of that the so called analyst...

    Date,Buys,Hold,Sells,Recommendation,Average
    (HST) 13/04/2011 1,2 3 -0.3 Sell $0.93
    (HST) 12/04/2011 2,2 2 0 Hold $1.32
    (HST) 31/03/2011 2,4 0 0.3 Hold $1.48

    12 days after the last report which stated debt covenants will hold...

    All i can say is BUY BUY BUY, i agree the market doesnt like uncertainty, but its going to wake up sooner or later.
 
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Currently unlisted public company.

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