Clearly investors are doubting Regis. I read the presentation and I am confident around 95% of spot prices will be achieved this year. Why this is holding off a major rerate stumps me, but with cash holdings growing and no debt, I just keep adding as uncertainty attracts shorters. This is around 50% undervalued and margins will be astronomical for one of the lowest cost producers on the ASX. Don't be surprised if we exceed $200m NPAT in FY20. Cash keeps growing daily. DYOR
RRL Price at posting:
$4.17 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)