PLT 5.33% 71.0¢ plenti group limited

things should continue to improve

  1. 37 Posts.
    If you bought shares recently you'd think you'd won the lotto with the recent big gains. But remember Dr Richard Opara bought 8.9million shares at 35cents earlier this year. Being the company's chairman I find it hard to think he would invest over $3million if he didn't think there was good upside at the 35cents he paid. Now while I'd love to know what's going on at the board level, there's no doubt to me that the recent selling down of the share price seems to be unfounded and ridiculous. Assuming Dr Opara wasn't throwing his money away, I'd like to think that the share price over the next few months will recover to around the 40 cent mark - then it can only improve if the company can deliver profitablilty as it has stated. But if things don't work out then expect a long wait before anything good comes to those long time shareholders.
 
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