Problem for SP is the lower end of the market is running now and its poor opportunity cost to hold AMU when other stocks are running hence the selling at markdown prices.
Now AMU is a practically debt free oil producer with other prospective wells but the market doesnt recognise this yet as it only wants to jump on moving stocks.
The share buyback should at least give it a 25c floor when it kicks in but for now the selling will continue.
Problem for SP is the lower end of the market is running now and...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
