Big turnover yesterday - do not know what the buyback was, but the day before it was around 4 million - hopefully this gives a bit more reassurance that the company has belief - maybe good news coming or the quarter is going well.
Oil price still at a good level, dividend on its way and consolidation in the commodity sector.
As previous posts have suggested - sit on this one and providing no political unrest and major problems in PNG , then hopefully its true value will be recognised in the years to come. Once the buyback has been completed, the PE should be less than half of what the sector is.
The only problem with sitting on a stock, is the opportunity cost - but maybe the devil you know!
As mentioned previously, surely the art of stock picking is choosing those that are unloved and low prices on fundamentals - this is unless you are trading.
Come on OSH, come clean with the pipeline and lets get it out of the way.
Cheers
Mike Salad
turnover and buyback increasing!
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)