Hey Mates,
RED is quite promising. But Hold on a second - just think about the 12% dividend. If the share price keeps falling then we may have 13%, 14%, 20% dividend?
An increasing dividend yield is not a good sign for small caps especially with falling share price.
On the positive note, RED has got a positive write up in last months Money Magazine. However I was looking at a valuation method that Analyses RED as an example here:
http://ozstock.blogspot.com.au/2012/05/analysis-red-red-5.html
The summary from that blog article is: RED is very close to being a favourable buy, but not yet. I think this makes sense, once more good news come, the SP will shoot up. If it has solid resources, then there should still be time to jump in.
dividend yield equates to 12%, page-13
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |