Long term holder wanting more but not willing to pay the price over last couple of years ie PE 18 div yield 2/3%.
Now pe 10 div 6% worth looking at.
even if minerals division has no growth or negative the other divisions (3) should make up the shortfall, leaving ALS with no growth for 12/13. I'm happy with 6% for a year or 2 and future growth. I believe it's an oppurtunity to get in relatively cheaply with a lot more upside than down in the future unless we have GFC2;china collapse;large scale war; or anyother Black Swan event. If you worry about them then you shouldn't be in shares.
May have bit more to fall yet ie $6/7
BUY IN THE DIPS
Long term holder wanting more but not willing to pay the price...
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Last
$16.16 |
Change
0.500(3.19%) |
Mkt cap ! $6.624B | |||
| Open | High | Low | Value | Volume |
| $15.94 | $16.32 | $15.85 | $19.49M | 1.206M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4333 | $16.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.16 | 370 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| ALQ (ASX) Chart |
