I agree with much of this, except:
- Once the SP hits $1.50+ I wouldn't wait around for a dividend before selling
- I wouldn't buy at more than $0.80, not enough margin of safety.
This is a 2/10 company (or a 3/10 business being run by 1/10 management).
You want to buy it at a 1/10 price and exit at a 3/10 price - given the poor quality of the underlying business and worse quality of the management, it's not worth being greedy when it comes to taking a profit.
Ann: Half Year Results and Investor Presentation, page-14
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Last
91.8¢ |
Change
0.003(0.27%) |
Mkt cap ! $1.533B | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 92.0¢ | 91.5¢ | $10.01K | 10.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 33167 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 16300 | 9 |
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| Last trade - 10.07am 18/09/2024 (20 minute delay) ? |
| CRN (ASX) Chart |