A big thanks to Bigshareshead ... I saw a post of his on MIX, and decided to check it out on Tuesday.
I was after a safe, boring stock for my SMSF, but one that offered some SP recovery upside, and if possible a dividend. LOL ... I dont ask for much!
Anyway, I liked what I saw in MIX, only problem was - NO dividend at this stage. I decided to still take a position anyway, because these guys have clearly turned the corner, and righted the ship (sorry about the mixed metaphor!) I see quite a bit of SP recovery potential that suits my criteria.
Needless to say, I LOVED the announcement today!!!! A possible ONE cent dividend to be made end June! I doubled my position straight after the announcement before heading out for the afternoon. Looks like it had a nice strong finish too.
I am very happy with the outcome ... Thanks for the tip mate!
MIX Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held