Sorry I couldn't reply, acct was suspended but all sorted now
Yeah
I'm definitely still holding (with an average closer to 20c it's prob not the best idea to be selling or I'd be forced to buy back above 43c)
I don't need the money atm
I'm happy with the dividends & the free carry atm
SRG has a strong future ahead & this will be reflected in the share price as we move forward
A lot more positives than negatives
As I mentioned early on, I look for undervalued stocks that have been overly punished (I believed SRG had finally turned the ship around since their merger days when I jumped in last year, although covid did have an artificial impact on share price, the business was still very undervalued)
SRG has been one of my least volatile stocks since entry, but has moved up into my top 3 holdings as a result of its consistently strong performance (My top 5 has changed quite a bit in the past month)
I think it just needs a confirmation set of results before this gets another leg up & stays there (although did touch 48c a few days ago)
50c is definitely within range in the coming weeks
Remember, there are probably a lot of investors trapped with high averages from previous years that will be selling as the price goes up, if they haven't already done so (so institutions had to slowly walk this up to make sure there isn't any major dumping of shares as has happened in the past)
However I still feel this could be heading back to $1+ over the next 12-24 months
Looking at the charts of old, the down trend since 2017 was finally broken in November 2020 (once this happened I was fairly confident with my investment)
The next target I see is 60c (could get there after the next results are released)
Once 60c breaks, the next target after that is $1
As these old resistance levels break, the share price should rally even faster
I'll be much happier once we are above $1 & blue sky ahead
Monday (this week) could be a good buying opportunity before the ASX retests it's highs in the coming weeks/months
Just my opinions
GLTAH old & new
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Last
90.0¢ |
Change
-0.025(2.70%) |
Mkt cap ! $469.1M |
Open | High | Low | Value | Volume |
92.0¢ | 92.0¢ | 89.5¢ | $1.296M | 1.425M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9729 | 90.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
91.0¢ | 20964 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9729 | 0.900 |
1 | 16198 | 0.895 |
5 | 16070 | 0.890 |
1 | 3385 | 0.880 |
2 | 53375 | 0.875 |
Price($) | Vol. | No. |
---|---|---|
0.925 | 44443 | 1 |
0.940 | 5000 | 1 |
0.950 | 48676 | 1 |
0.960 | 18000 | 2 |
0.975 | 3077 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
SRG (ASX) Chart |