What’s changed this year to cause a 14% drop after last year?
EYCP - steady
Aud - steady compared to year end against USD and trajectory only lower. Also already lower against most major currencies.
Only neg are no news re cfo (give ceo time). No China update (must be due soon) and now removal from asx200. Large cap funds may need to sell but small and mid cap funds can now also buy. I’d suggest outside of ausbil traditional funds don’t hold the stock due to its ownership structure. Ausbil recently sold as they are under redemption pressure. But I note no further reductions.
If it’s not a screaming buy here close to $1 I’m not sure when it will be. If anything nta next update should only go up. But we do need to see positive free cash flow!
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