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bweerniedeed

539 Posts.

14

11/02/19

12:15

Post #: 37397036
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Originally posted by Gumnut99: ↑

Just noise in the system? 10% gain yesterday feels like a weird jump. I was almost expecting some interesting news today.

I may be drawing a long bow here, but possibly related to the interest rates news:
Lower Aus interest rates leads to
Lower AUD leads to
the US$ revenue coming into RBL is now worth more Australia dollars leads to
higher Australian revenue.

Expand

Morningstar has been pumping up the tyres of RBL. I would say that accounts for most of the action.

RBL Price at posting: $1.03 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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