re: Ann: Estimated Distribution - 31 December...
Technically it is looking oversold to me now and is a buy. Whether or not you feel confident enough to buy is another consideration as it has been quite interesting (not good for the wallet though!) watching this downward momentum. But we know you should separate your emotions in this game and today's positive action against the grain so to speak is a sign a change may be on the way. I am optimistic.
The only reason for this (downward leg) in my opinion is there may be a concern for future earnings - i.e. dividends and the Dow influence. I think a counter for this is the prospect for acquisitions in AU/NZ (strong markets) going forward and the much reduced exposure to US. Just my thoughts though.
Good luck holders.
MCW Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
