That 500 000 buy order at 13c was illuminating - for the fact that there were no takers. It sat there for a week or more, untouched
13c per share represents an 8 per cent gain in 7 months - equivalent to a 14 per cent annual gain - on any shares purchased in last December's entitlement issue. Not a bad return, but no SRH shareholders were interested in taking it. Not one.
This company has performed remarkably well over the last two years, and holders clearly realise it.
SRH Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held