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[sharechat] Dorchester Pacific

From:	"Paul Frost" <frostpt@ihug.co.nz>
Date:	Wed, 9 Feb 2000 18:40:21 +1300

I'm constantly amazed at how fundamentally cheap this stock is.

Their intrim report shows us that their E.P.S. for the half year was 7.64
cps.
If we annualise this to 15.28 cps we come up with a current PE of 9.5 (based
on their closing price of $1.45)

IMHO DPC is undervalued at their current price.
This latest announcement may well wake the market up to it.

Disclosure: I own DPC shares.


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Re: [sharechat] Dorchester Pacific Derek Watt

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