Not all. I accumulated more today.
Sold the rumours, bought the fact. Won't be a surprise that Fridays results will confirm its been a challenging environment.
However my thesis is unchanged. The risks I commented on a year ago are reduced, and trending down. QWB grand opening is tomorrow and this will get some press coverage.
I predict:
- licences will not be cancelled in NSW AND Qld. Ongoing supervision is a strategic win.
- finances will improve in 2025
- compliance remedial work will run its course.
-fine will not be as big as feared.
- new management will do better and more talent recruited.
What else is keeping thos SP down? Am I missing something?
Whether turnaround or takeover, these shares are undervalued. So I bought more.
DYOR. NFA.
Ann: Notice of 2024 Financial Year Results Date, page-43
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Last
45.0¢ |
Change
-0.010(2.17%) |
Mkt cap ! $1.290B | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.0¢ | 44.5¢ | $5.248M | 11.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 143681 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 132735 | 6 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| SGR (ASX) Chart |