This company's share price has been depressed for quite a long time and especially driven down by Toll shareholders exiting their shares a few months back.
I believe though that eventually as the financial world stabilizes, and everything gets back on track and V Australia comes to fruition, this company will be back in a big way. The share price will one day be back above $1 and maybe even reach the $2.25 issue price of 2003
Too optimistic? Maybe. But you know when MGX hit a low of 19 cents back in November, who would have thought that it would now be 92 cents just over six months later.
I think there are a lot of stocks that will start to re-rate from now on.
DYOR
Raving1
VBA Price at posting:
28.3¢ Sentiment: LT Buy Disclosure: Held