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Everybody is entitled to an opinion
However what is indisputable is the following
As long as we can remember this stock has traded at a discount to fair value.
Given the current mess in Argentina
this stock is NOW and Will trade at a wider discount to fair value even if the company is making good progress.
This is a FACT
NO HIDING FROM IT
.......like a stone
Sadly this is all unravelling as i thought it might. Very sad and bloody annoying given the company was finally beginning to make headway as too was Argentina. PL is doing the right thing here by the way.
With the stock trading at almost 5 pence I think the company should RNS its decision to buyback stock when it considers it appropriate. A reduction of 10% is only just over $5m. I can't remember the lowest placing price but anything below that the company should seriously consider over what will be a turbulent year.
Any other ideas ????
That is the best case scenario just to be clear
This stock for the last god knows how many years has traded at a big discount to fair value. Be under no illusion that this discount to FV has increased and is very unlikely to tighten with this government coming in. So another 4 years not good
stock moving to a matched basis
If CFK wins it is game over
Let's put this very simply ........... no one in the World is going to invest in argentina anymore end of story if the ***** gets in
when the lights go out they'll be NO nodding donkeys!!!
Nobody will buy assets in Argentina
55.75 to the dollar
CFK = MUGABE
Do not be surprised if the stock hits 5 pence this week and don't expect it to trade to the upside unless there is a huge shock in October. Sadly even good news from PPC will not help
Just so I am crystal clear here this is C..A..T..A..S..T..R..O..P..H..I.C TRUST ME
Argentina could well become the new Venezuela
take a look at what is going on there
Think you have to look at the bigger picture this is Argentina's L......A....S....T CHANCE otherwise the country goes back to the dark ages. Your and my assets in Argentina just dropped over night considerably.
This afternoon the currency could trade through 50
That's rubbish sadly. The geopolitical risks on our Argy based assets just went up 25%. Watch what happens to Argy credit spreads today they may well head back through a 1000. This is very very bad news.
This is probably the worst news for PPC in years sadly. This is unfortunately the last chance for Argentina if Macri loses then the country could go the way of Venezuela within two years. Just when the company was beginning to make headway this has happened.
Currency crisis, closed out of int'l markets, no credit, hyper inflation, corruption, military rule and people talking against the government disappearing .............the end
This really is the last chance for Argentina.
I guess it will be very interesting to see if Amerisur does get bought and if so at what valuation. It may indirectly lend support to our own share price.
yes I am going
RDA12 like me who has been invested for 7 years you are pretty pis*ed with the share price. However what Workover says is true, Paraguay is a gamble