Back to square one....

I have written about melewar previously and is still a favourite stock for me because of the high NAV it possess.... the main thing is it's business is profitable.... business model is sustainable and going forward may continue to post slightly higher profit quarter to come... current level is attractive enough, cyclical trend has chance to resume and at this level it's cheap. Think this may be one of the lowest possible for this stock. If you have money, this is where you might wanna consider rather than unit trust. Its time to get out of highly equity based unit trust fund for now as they will only continue to slide....I'm actually in favor of a technical rebound for this stock in the short term...as usual, some may just disagree... its your money, therefore your call...