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PR Newswire
26-02-2015, 08:43 AM
Just based on the current amount of inventories and accounts payables, there is good reason to believe FY2015 will see around 4 cents of earnings. Even at 25 cents, a PE of 6, is way undemanding. Then of course, to the purists, there is no discount to NAV at current prices, but the NAV should catch up within a year.
What is to say then, that the O&G will not see a sudden upturn, just like the sudden downturn? When the Penguin starts to sprint then in terms of EPS due to an O&G upturn, with any upwards revision to the PE that investors are willing to accord to it, the Penguin may become uncatchable at current prices.
What is to say then, that the O&G will not see a sudden upturn, just like the sudden downturn? When the Penguin starts to sprint then in terms of EPS due to an O&G upturn, with any upwards revision to the PE that investors are willing to accord to it, the Penguin may become uncatchable at current prices.
It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy. –George Lorimer