Quote:
Originally Posted by Babs_O
Perhaps demand didn't reach 10%. I am watching if the price will start falling towards the PP price before I buy. (I am just reviewing the prospectus I picked from the African Select Website. May be more bullish/bearish after reviewing the projected fundamentals)
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Took position after my review as it has prospects of growth. They have a bigger plant than Multitrex. Though some caution is required as they have a history of loss making. Their valuation based on a N3 price earlier in the week on the floor is better than Multitrex PP pricing (PE and P/B basis).