If it makes you feel any better, i have a rough idea what I'm doing and bought in for the divi fully expecting a bit of a drop. Did not heed the warning from management that none may be paid but also figured if that were the case the SP eould at worst stay flat..not drop 25%.
I'm down roughly $70k as a result but pretty confident it will be short lived.
Prior to this drop we were trading at roughly a PE of 7 with a yield of what? 11? (guestimates).
The SP could have doubled from there and we'd still have had a reasonable valuation.
Looking forward to the coming weeks ;-)
GLTAH.
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Last
$5.30 |
Change
0.010(0.19%) |
Mkt cap ! $6.998B | |||
| Open | High | Low | Value | Volume |
| $5.29 | $5.35 | $5.15 | $16.15M | 3.071M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9608 | $5.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.31 | 194 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| YAL (ASX) Chart |