Yes wishful thinking, but the possibility of SXL and TEN merging isn't a bad idea. Cost savings would be $40m a year from a report i read awhile ago.
Still the 40% drop is not justifiable due to lower ratings. Dividend payout is only around 60-70% so they can up this to maintain a 9 cent payout in the short term.
It's down because it's an unattractive business, thats what FXJ was once percieved, and it's now doubled.
value, page-14
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Last
53.5¢ |
Change
0.005(0.94%) |
Mkt cap ! $119.9M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 53.0¢ | $93.12K | 173.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 120040 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 3645 | 3 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| SXL (ASX) Chart |
