Yeah - I'm in too - they look certain to survive these bottom of cycle conditions, and at some stage in 5 to 15 years they will be at new highs in another boom of some sort, and pay some decent divs on the way hopefully. Even after adjusting for the options they have dished out, their return on Assets and Equity has been very impressive until recent times, and I suspect there is a clear reason for this - lol.
I hope it falls a bit further, as I am keen to buy on bad news or weakness, as I am looking through the cycle I care little about profits for the time being as long as they stay safe.
This is cheap, I am in., page-2
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Last
$1.98 |
Change
-0.025(1.25%) |
Mkt cap ! $170.3M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.03 | $1.96 | $343.9K | 173.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 13463 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FWD (ASX) Chart |
