I have been accumulating a reasonable holding in this stock whenever the price has pulled back below $2.40 (nearly 9% fully franked assuming 21c div is maintained). Don't need to see much capital growth to like that sort of grossed up return).
But I did not expect the recent increase in price and am not sure whether it still represents value with a 7% ff yield. Yet it appears the broader market does, maybe because of lower interest rates supporting housing, or the growth/recovery in Queensland, or maybe just confidence returning that the dividend will be maintained in a market that wants yield.
Regardless, I will hold, but don't see myself adding unless there is either a pull-back in price or some very convincing news or a hint of higher dividends.
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Last
$2.65 |
Change
0.000(0.00%) |
Mkt cap ! $99.88M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150 | $2.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.85 | 3752 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150 | 2.680 |
4 | 399 | 2.670 |
2 | 11200 | 2.650 |
1 | 1000 | 2.620 |
1 | 1176 | 2.550 |
Price($) | Vol. | No. |
---|---|---|
2.850 | 3752 | 2 |
2.880 | 250 | 1 |
3.010 | 2819 | 1 |
3.100 | 767 | 1 |
3.120 | 3250 | 1 |
Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
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