soleman23 Dec 2014 13:29
I completely agree but they arn't securing contracts..
There is no expansion here. They have in the last years managed get through the declining micro economics of china but until they are proving to the market that they are a growing company it won't budge.
If they arn't expanding then they arn't worth investing in as you might aswel invest in a decent FTSE250 or alike... this is far better used as a trade buy low sell high until as such a time as things change...
My advise to anyone looking in would be wait till it hits the bottom, 2-3.5p buy in and wait for it to move... if you score a contract then you will multibag your money, if it moves like it has today sell up and buy back in on the retrace ... eat sleep, spend, repeat...
Solid as they have business... if they don't improve the business then neither will the market improve the SP
P.S. Well worth contacting company to see if they are pushing for new business imo. GL