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0.00% $9.13 asciano limited

will this news break the $2 barrier?, page-24

  1. brainybull
    864 Posts.
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    15/06/09
    10:33
    Post #: 5278894
    Selmax

    Your suggestion of SP at 1.20 or thereabouts is shocking.

    The reason the share fell from $10 to 40cents was the high debt. 2 bill of debt is huge. Now that debt is paid the SP will gradually increase. AIO will get rerated and institutions will buy in. On open on Wed I feel the price will go over $2, because the insolvency risk has gone.
    AIO Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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