Wait for now

Finweek English Edition - - Marketplace Simon Says -

The Sas­fin share price has been falling and now trades only about 10% above its last re­ported net as­set value (NAV). Typ­i­cally, this price-to-NAV level of around 1:1.1 is an ex­cel­lent buy­ing price for the stock, with an ex­pec­ta­tion that the price will move to around a 40% to 50% pre­mium to NAV, mak­ing for a great medium-term trade. But the re­cent trad­ing up­date shows HEPS ex­pected to be 14.34% to 21.34% lower and this could pull both the share price and NAV lower. For now, we’re bet­ter off wait­ing for the re­sults and see­ing how NAV is do­ing. Then the share needs im­prov­ing re­sults to get the price mov­ing higher, so I am watch­ing and wait­ing.

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