Well if we knew that ............ for what its worth I did forecast £10/ share sometime this year sometime last year, but Mr Sagi reducing his holding by 15% has had a detrimental short term, hopefully, effect. On fundamentals this should be much higher for all the reasons posted here over the last year or so, however it is where it is and I'm a long term holder.ATB
I wonder too, the 15% tax rate has been known about for a while so I don't think that's the reason, though something seems to have spooked the gaming market. Most brokers rate ptec a buy with target prices upto 850p, either they are all wrong or we just need more patience, though I confess mine is starting to run short. All the best and good luck.
For a start i know you are not a deramper, but are naturally concerned by the continual fall no matter how good the news is. For me i'm a long term holder, but i do wonder if someone knows something i don't as i can see no reason for whats happening. At the moment i'll hold for the dividends and hope/ expect the sp to recover over the next 6 months. Whatever you decide good luck to you. ATB
As far as I know nothing has changed, 1/2 billion in the bank, good yield plus special divi, growth industry etc etc, and I too wonder what's going on. Will they become a take over target if this carries on? The interims will hopefully kick some life back in the SP. ATB.
Consult me on these sort of problems? - consulting me on any sort of problem - now that would be a big mistake lol ATB P.S thinking about it there are plenty of financial institutions that charge a fortune for terrible advice!
Yes you are probably right, but there is nothing in the article that investors shouldn't already know! Hopefully it will be a one day wonder and Ptec can move ahead again, certainly the p.e. rating is historically low!