Re: Ive been chasing dasv23 Apr 2007 14:39
I'm sure most if not all of us in this share agree that it is undervalued. A fairer price given the prospects would be at least double what we have now. Unfortunately it's a minnow though, so the low turnover in shares following the rise after the results looks like it is preventing any kind of breakout.
If you take a look at the Corporate Synergy report, they say that despite the strong performance they do not plan to upgrade their forecasts until the interims. Since these are due in September we have a long wait before that will have any effect.
However, the Annual Report is due Friday, which might be an opportunity for the company to provide a further trading update, and the AGM is in June. I have both a long term holding and a short term T trade on LNG at present, I'll review the T trade after the report.
What I'd really like to see is the company announce that it is in formal takeover talks, but as this looks unlikely they remain a firm medium term hold I think.