27-01-2011, 12:43 PM
Based on the financial statements, Eratat is undervalued and share price has significant potential upside.
What I do not understand is why the management has to issue large amount of new shares at almost 10% discount to market price.
Perhaps this is why the market sees this negatively and is sending clear signals to express that view!
What I do not understand is why the management has to issue large amount of new shares at almost 10% discount to market price.
Perhaps this is why the market sees this negatively and is sending clear signals to express that view!