120 a good price?....not!2 Mar 2020 15:26
How to evaluate palm share prices....well I sure dont know outside of few palm companies cannot make money in this environment of low cpo prices ($639).
Not that should worry REA who cannot make money under any prices we have seen these last 6 years. So I guess investors fixate/ believe that NAV nonsense which is way off the scale of real world achievable prices, think 20% lower than current.
That's not a blank from an investment here, though even a poor stock picker like me could find a better investment. So the 'runes' are totally against investing in palm. There are way too many impediments for any share price appreciation (you know them all). I have a buy at 90 which imo is all this stock is worth until we see some clarity on the virus and consequences which could be way into late 2020.
If your buying now be prepared for a long wait, the background
is way too murky and imo wont happen next week or month, more likely in Q4 and by then earnings of palmers will have been decimated given fixed estate costs. Imo wait for my rebuy price of sub 100
before you risk your hard earned...and don't expect to make a profit, the Robinows have already snatched them.
Take into account a very biased investor (not just yet) here who cannot see a glimmer of light for this company heading to 2021/2. Do not get suckered into thinking B30-50-100 will rescue palm estate's fortunes. It bloody well wont! Check all the small print of adjustments being prepared to confuse the few pis left, leading us to believe that after nigh on 7 years REA will turn a coin.
Not in my bloody lifetime they wont!
If any of the above has turned you off buying here, be assured that I am usually 70% wrong and therefore REA is a screaming buy. Afternoon all. Good luck
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