Yeh well I was buying - and got dumped on at $1.33 during that little flurry.
Damned if I know who, and/or why this sell-off happened today. Large holder reducing exposure, short sellers, margin traders being stopped????
No doubt my view is blinkered by the fact I hold the stock, but my gut feeling tells me the current negative factors are well and truly factored into the price. As happens quite often, the markets overshoots both on the upside and downside.
I fully expect a decent cut in the second half dividend, but to a level that will still make the stock a self funding hold.
At the current price I would have to say the stock is an "add" to a income (1st) and portfolio (2nd). All things being equal my best guess for 31/12/15 price is <$1.25 - 20% and > $1.50 - 80%.
Stick this post in your diary (lol)
SKE Price at posting:
$1.36 Sentiment: Hold Disclosure: Held
