it's a bit of a head scratcher. I think the strategy was to increase the NTA and the gap to the SP would naturally close, but that doesn't seem to be happening (SP or NTA!!)
The conference picks haven't generated any momentum and the introduction of the 6 monthly distribution doesn't seem to have done much either.
I'm going to hold and reinvest distributions hoping for an uptick or at some stage or a fund closure which eliminate the gap. The DRP at least enables underwater holders to reduce the average cost price over time. I don't think there is too much more downside to HM1.
In the interim I'm treating it as a high yield investment with a good profit reserve, decent cash weighting and a big franking credit balance.
- Forums
- ASX - By Stock
- HM1
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-11
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HM1 (ASX) to my watchlist
|
|||||
Last
$2.83 |
Change
0.060(2.17%) |
Mkt cap ! $648.0M |
Open | High | Low | Value | Volume |
$2.77 | $2.83 | $2.77 | $796.3K | 284.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7078 | $2.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.83 | 5596 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7078 | 2.820 |
1 | 3000 | 2.800 |
2 | 5000 | 2.780 |
3 | 32700 | 2.770 |
3 | 11865 | 2.760 |
Price($) | Vol. | No. |
---|---|---|
2.830 | 5596 | 2 |
2.840 | 22455 | 4 |
2.850 | 6801 | 2 |
2.890 | 6632 | 1 |
2.900 | 25000 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
HM1 (ASX) Chart |