SUN 1.44% $19.70 suncorp group limited

eugeneb1, With all the market volatility of late SUN has...

  1. 1,757 Posts.
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    eugeneb1,

    With all the market volatility of late SUN has continued to stay above the $12 mark, despite your view that it would slide below that level. I know that you have previously made a similar prediction that again did not come to fruition. That's not to say that it won't fall over in the coming weeks, but if it does it will not be alone.
    Having said that I read the CEO's address released today and there is nothing in it that remotely suggests that they will struggle to pay any special dividends going forward.
    You also made comment regarding the market being sceptical about its position that it wont need to do a cap raising. In fact they actually have a sizable amount of surplus cash that leads me to believe they may make an acquisition.
    I am not as pessimistic as you are with SUN, quite the opposite, but I'd be really interested to know what motivates you to think that it's going down.
 
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