That is a learning- I underestimated the extent to which renovations are discretionary.
Less comfort from profit resilience because the bar in now higher- higher interest rates increases the level of risk free profit.
Worst case scenario- I collect dividends until renovations becomes a thing again.
Thinking aloud- been noting that less established housing for sale in WA- generally properties get somewhat of a makeover before sale or otherwise just after sale but before occupation- could this be a factor to even some extent?
It has been previously noted that around $1.78 appears to be long term support.
IMHO DYOR
Ann: FY23 Half Year Results Presentation, page-2
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Last
$2.34 |
Change
-0.020(0.85%) |
Mkt cap ! $620.5M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.41 | $2.31 | $606.3K | 257.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12081 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 9161 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| GWA (ASX) Chart |