Not all. I accumulated more today.
Sold the rumours, bought the fact. Won't be a surprise that Fridays results will confirm its been a challenging environment.
However my thesis is unchanged. The risks I commented on a year ago are reduced, and trending down. QWB grand opening is tomorrow and this will get some press coverage.
I predict:
- licences will not be cancelled in NSW AND Qld. Ongoing supervision is a strategic win.
- finances will improve in 2025
- compliance remedial work will run its course.
-fine will not be as big as feared.
- new management will do better and more talent recruited.
What else is keeping thos SP down? Am I missing something?
Whether turnaround or takeover, these shares are undervalued. So I bought more.
DYOR. NFA.
Ann: Notice of 2024 Financial Year Results Date, page-43
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $760.2M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 25.5¢ | $4.483M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 350999 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 765141 | 20 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SGR (ASX) Chart |