SIO 0.00% 18.0¢ simonds group limited

Ann: Becoming a substantial holder-SIO.AX, page-19

  1. 490 Posts.
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    It's interesting that a major holder is technically their competitor, I think this highlights the undervalued nature of SIO as a competing firm wouldn't invest a significant amount unless they saw it being heavily undervalued.

    Expect the SP to stay relatively stagnant until the new financial year, as a lot of people will be selling at the moment for the tax deduction.

    A market update including dividend announcement will see an increase in SP, however, I wouldn't expect that till August. If a dividend is announced in line with last year the SP will increase substantially as the dividend payout would be +15%
 
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