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From: | "AXL" <gregsmcd@hotmail.com> |
Date: | Fri, 13 Apr 2001 10:58:14 +1200 |
This result from SMR must surely be a shock to the
obviously unsuspecting market.Their shareprice has of recent been very
weak!!!!!-Pricing in a suspected bad result-but it was very
strong!!!!
Their NTA has slipped only marginally (not as bad
as suspected) due to tech asset price weakness.
This company made this strong result on the back of
profitable sales-is this not positive,good investing and management??.This is
the way tech investing co's are meant to make their money arnt they???-Seeing
undervalued assets and technology- injecting capital and good management and
exciting when the profit is worthwhile.
Their NTA would suggest that they still have a good
selection (book value) of assets in their stable.
I believe SMR will be one of the stronger tech
survivors!!!!
How long can SMR continue to trade at such a low
PE-HELL they have earnings of over 3.2CPS for the year and they have recently
been trading at 6-8CPS????
At these prices and these results I will certainly
be increasing my holdings in this co !!!!
What do other investers
think????
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