I hadn't planned on buying more but with the price dropping so low and with today's announcement I reviewed all the available information and felt the fundamentals were too compelling so bought in the closing auction today (which turned out to be a new record low).
The prospectus forecasted EPS of around 30 cents for the 2007/08 financial year with a p/e of 5 at the offer price. At the closing price today that gives it a p/e of 2.2 which is very damn low! Even if there are delays or adverse movements they still have an extremely low p/e at current prices.
BGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
