Big selling at 42 cents. Probably the last remnants of CBA's holding. Over 8 million traded since last friday. Big crossing at 45 cents last friday.
Once 42 cents is broken it will have a big run up. All the funds will be out. I predict the 1st of July will be the start of the turnaround.
Profit to increase by 10% this year and by another 10% for 2009. The Ord Minnett presentation on the 29th May confirmed the profit projections which are the same figures that FXL put forward when the sp was $3 and all the institutions were lapping it up.
Now you can buy it off those same institutions for 42 cents and a 26%ff div yield.
weekly chart with notes, page-11
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Last
74.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $366.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2307 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 110260 | 8 |
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