With all these goings ons,how does this counter sustain such a high PE of 14.6? Shouldn't it be hovering around 5? meaning it's price should be below 3bob?

Let's wait and see. I expect a blood bath after the results...when the 10% rule is lifted....

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

Well,all said and done... it seems there are not many sellers out there... There is demand at 7.50 & the only seller wants 8/-. *** Hopefully,Olympia purges out the crap & provides a new start. I have written down my expectations!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

@VVS,I read a lot of your posts which I find pretty insightful and well informed. However,in the case of Olympia,I wonder why you should not take more drastic action. I have written many negative opinions regarding this company but they have all been informed by what I see coming from the company and their board.

As such,I do not see any reason for giving them the benefit of doubt and hope that they will change. Over the years,I have stuck with a few companies trusting that they would be turned around and I would start being proud of my stake in the company.Alas,I have learnt teh HARD LESSON that the best thing one can do is to walk away,when in doubt about a company's prospects and especially their management. But there is nothing personal in that.

If they ever turn around,there is nothing to prevent you from re-investing in the company. If share price falls and shareholders make noise at the AGM as a result,perhaps the board/Mgt may listen and ACT. Remember,your hard earned money is not MONOPOLY (the game) money to be played with. But it is your decision and I respect it.


Opportunity calls but few respond.

That's the spirit. Shareholders,minority or otherwise,really need to start getting their voice heard.

@V.V.S.: True value? Last years EPS = 0.51. Fair PE should be 4-to-5. After the fiasco in SA,don't expect much improvement in EPS....in fact,it will probably go down! The prices of 14 to 21 last year were supported by the expectations from SA...and now that shop has closed.

So,if you work with and EPS of 0.5 and a generous PE of 5,your fair market value should be about sh2.50. Now if it touches that figure,I will buy back all the shares that I dumped at 8.50 last week!

Just wait for the results and see...I will place a purchase order at 2.50!!!!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)