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
shorts are having a field day. Any reason to profit from what...
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Last
$2.43 |
Change
0.485(24.9%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.70 | $2.32 | $138.1M | 55.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123400 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 1365 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
