shorts are having a field day. Any reason to profit from what should have been more than already priced in. should only be a short-mid term blimp as it typically is until the next poor result captures their attention...
Happy to sit on this and enjoy the yield. where do u get ~6%+ ; 100% franked?
mngt wont twiddle their thumbs for 1.5yrs - theyll be looking at alternatives to achieve their stated >13% ROIC.
also, they stated "Expect net debt to be around $260m at FY19 (subject to any acquisitions)" [pg13 of preso] - hinting at potential additional bolt ons which will have to meet mngts strict >13% ROE hurdle rates (so accretive).
There is clearly plans and strategy in place to grow and reshape the business. happy to be part of the journey and earn a steady income along the way....in the interim, these shorts will continue to squeeze what they will until the strategy is laid bare...
hold faith. DYOR
SIG Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held