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No nasty surprises in the results not already priced in from the previous warning. Margins for 2013 set to improve. Dividend maintained. Looks very much like the worst is over and today's rise on results indicates the bottom has come and gone. I would think this can go up over 300.00 quite easily.
SP seems to have completely stalled now. I still think that this is significantly underpriced at this level and some seem to agree:
http://www.fool.co.uk/news/investing/company-comment/2009/03/23/six-shares-that-blew-the-market-away.aspx
I was hoping to see this hitting 90p by now but it looks like it will take a little longer yet. With profits up, a buoyant start to the year, debt being managed and reduced and directors buying in with their own money I think its a safe bet.
If you look at the trades, there's almost no activity and what there is is small numbers. Everyone seems to be ignoring it. I think there's great scope for short and long term gain from SL. Look what happened to BARC!
Agreed. With the Directors buying 50k+ shares each at 80p they must believe that further rises are imminent and there is only good news to come in the short-medium term so I see no reason why mid/high 80s is not possible this week.
I believe Cape will report a good set of results this week (Thu). They've had some problems getting PCH in Australia integrated into the group but they are finally getting there. They are profitable, debt is down and the share price is ridiculously low at the moment. I'm expecting a significant rise following the results.