SEH management can use VWAP's, MACD's, Bollinger's, Murphy's Parabolic Piss Distance Estimation Chart or whatever, however the sad inescapable fact is the following:
SEH listed on the ASX on the 15th Sept, 2009 with the IPO shares being 25c. Quite ironically that, 9 years latter, nearly to the day, that SEH will finally return to its initial IPO price and be taken over, at a time when they are 18 months away from being profitable and have more than $100mill of development spend that will be returned to them over the next few years and they have spent nearly $200mill and have $90mill of funding available to them and no need for a capital raise.
Typical Australian mentality, selling things to overseas entities far too cheap.
SEH Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
