Not sure what the logic is behind it. Seems an excellent buying opportunity. This should recover shortly from I assume is just a technical drop. A drop of 5.83% is unwarranted.
26 Mar '15
Greatr news today!
Looks like a huge market opened up and a possible takeover of the company eventually by our new partner. The market likes the deal judged by the big bounce today. The negotiations begun when POS was being squeezed by the POO but even this hasn't dampened enthusiasm for the share today.
Nice hike in the divi and seems to be getting things right. Still very much undervalued and any recovery in the POO should cement the recovery in the SP.
20 Jan '15
Oil seems to be bottoming out so I hope this could be the low for POS. Been sold down considerably so could be a good recovery play when oil starts to regain ground.
11 Dec '14
The recent sp drop was entirely predictable upon the news of less drilling/exploration by the oil majors, but this looks overdone. The AGM statement was well timed and justifiably positive as POS clearly believe they have the best product out there and are well placed to capture the reduced levels of available business. I paid an average of 2.75 for my modest holding so this looks like a good buying opportunity.
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