SAV 0.00% 0.3¢ savcor group limited

for a good recovery what is needed is a one cent or 1/2 a cent...

  1. 439 Posts.
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    for a good recovery what is needed is a one cent or 1/2 a cent rise for 5 days and then an announcemnt that ANZ has refinanced till 2012 or so. this followed by a report that shows EPS of near 5-6 cents could possibly take it to 35 cents to 40 cents.
    However worrysome facts are

    1)WIlson HTM securities sold nearly 2million shares in one day(on the 3rd of June)

    2)why have they retained Wilsons other wing as strategic advisers is a bit of a mystery after the massive dumping they did over 3 months

    3)director resignation was not encouraging

    4)director selling down was not helpful either

    Positives are

    55% ownership are by two directors who authorised the buy back using money earned by the company (half of which is theirs technically)

    Their technology is defenitely relevant and well positioned in china next to major clients

    the company has recieved strong buy recommendations by analysts till the recent past

    share price scare and selldown was also triggered by the percieved opportunity cost in other shares which were skyrocketing at the time of the selldown

    all are my unprofessional opinions
    thnx
 
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Currently unlisted public company.

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