I don't think it's THAT uncertain. This isn't a 'flavour of the month' software or entertainment company or anything, this is a stable little business that has made good profits, revenues and margins for a long time.
The market overreacted to the spike in profits, assuming lots of future growth. But when the recent announcement showed it was more of a once off event, the overreaction to the downside has been just as crazy.
I bought some shares today (Monday), and I look forward to letting that growing, 10% div yield chug away while I wait for the real future growth to one day happen.
Sure, there are still risks, that this drop could be the new normal. But given the history of the company and the low share price on offer, I think it's worth the punt.
what is a bear to do?, page-11
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Last
$12.07 |
Change
0.070(0.58%) |
Mkt cap ! $2.188B | |||
| Open | High | Low | Value | Volume |
| $12.19 | $12.24 | $12.03 | $1.762M | 145.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 553 | $12.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.10 | 621 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CDA (ASX) Chart |