Actually, I’m content to wait on the sidelines of Azure for the next little while
Price action today was underwhelming, and I can’t see any obvious triggers for a positive rerate in the next 2 or 3 weeks. In fact, I think our share price could be entering another little correction period. Might be some good buying opportunities in the weeks ahead
I believe the release of the QAR this week or next may also unleash some selling pressure. Tony has been spending a lot of money over there. I think the market may be unpleasantly surprised to see the current state of the balance sheet.
AZS Price at posting:
39.5¢ Sentiment: Sell Disclosure: Held