What cost cutting does do is safeguard against a downturn, when things turn bad it's the lean companies that stay in business to clean up the scraps left buy the fatties who had a heart attack!
I think management aren't doing a bad job, they just aren't doing a great job.
Realistically they should not have paid a dividend(as nice as it was to recieve) as that cash would have been a nice little safety buffer for any future nasty surprises or conversley could have added to thier investment in asia.
Either way i'm not expecting any major good news on this one for a while yet although i would be shocked if it wasn't a $10 stock by the end of the decade.
major resistance, page-18
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Last
$21.88 |
Change
0.290(1.34%) |
Mkt cap ! $9.600B | |||
| Open | High | Low | Value | Volume |
| $21.80 | $22.24 | $21.57 | $24.36M | 1.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16001 | $21.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 147 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |