FWIW I started a position on Friday, and averaged down some more today.
Hard to justify how the stock price can decrease by 1/3 in the space of a month, on no company-specific news. If anything, they've a pending windfall in the sale of the TV business. Tough times at the moment for some with the cost of living increases - but that is a global affliction. Ok, advertising revenues may suffer for a while, but SXL are a decent company and I suspect they can find a way to work through it all. Anyway, see where this goes over the next few years.
SXL Time to Accumulate, page-394
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Last
54.5¢ |
Change
0.010(1.87%) |
Mkt cap ! $130.7M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 56.5¢ | 52.5¢ | $234.4K | 432.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9389 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 12354 | 3 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SXL (ASX) Chart |