I was asked if I feel upset with SembCorp Industries' share price plunging. Well, I don't know if I feel anything, actually.
I know what motivated me to become a shareholder of SembCorp Industries. I know that I got in at fairly good prices which meant that I did not overpay. This is because I made fairly conservative earnings assumptions from the start and I also bought at a realistic PE ratio of about 12x or so.
Now, with its share price having moved much lower, I could, perhaps, accumulate at a PE ratio of about 11x which would represent better value for money. What about a PE ratio of 10x?
I don't know if prices would move higher or lower. I could make a guess, of course, but I wouldn't know. However ......