Slightly off topic. I bought these shares because their forecast profit gave me a forward P/E of about 45 when I bought in (around $20 mark - very guttered because I was watching this since it was 14 dollars and never bothered looking at the latest presentation and doing the numbers (too busy being obsessed with A2m)!!!). I thought PE of 45 is good because there is lots of room for growth in China and a year from now providing nothing goes wrong, they are bound to be forecasting significantly higher future revenues and at that time, even a PE of 30 will give a much higher share price than $20.
The question is, what potential risks do they face that could derail them from the path they are on? what are the chances that the class action will turn into something ugly for us?
Is this new management definitely honest?
I saw that the black prince foundation owns a lot of shares but I cant find anything about them online. It looks dodgy. Does anyone have any comment regarding them?
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