Ann: Change in substantial holding, page-7

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TheFadz

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01/10/24

08:27

Post #: 75918114
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Originally posted by TheFadz: ↑

There's the 1.12
So that's now accurately priced but with nowhere else to go until market conditions improve further (could take a while)

Now the nervous wait

1.235 is the next resistance but I don't think it has the legs to make it before a pullback of some sort (4th Oct is dividend payment date so they can try keep it up as high as possible until then at least to make shareholders overpay for the stock)
1.065 can try to be used as support but I doubt it holds (depends on sellers)
0.92 is still the last tested support level

But if this is a repeat of 2020/21 market conditions then every market pullback (no matter how deep) will be followed by accelerating gains & new highs (once they get rid of the day traders)

Long term target is well above 1.40 now
Depending on dividend upgrades, I could see $2+
That's all speculation & we need to start seeing improved reports & /or market conditions to start paying these prices

Expand

Apologies for the rough calculation
That 1.12 is actually a mistake as it is based off the old 4.5cent dividend

It should actually be 1.23 (5cent dividend) with a target of 1. 40 for a new dividend upgrade next year

Eventually with 6cent dividend & 3% interests rates we get $2 share price (long term targets)

SRG Price at posting: $1.11 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.64		Change -0.005(0.30%)		Mkt cap ! $990.4M

Open	High	Low	Value	Volume
$1.64	$1.65	$1.62	$250.9K	153.7K

Buyers (Bids)

No.	Vol.	Price($)
16	6214	$1.64

Sellers (Offers)

Price($)	Vol.	No.
$1.64	9382	16

View Market Depth

No.	Vol.	Price($)
18	8199	1.635
22	31686	1.630
11	39708	1.625
8	41762	1.620
7	12836	1.615

Price($)	Vol.	No.
1.640	9466	17
1.645	55458	18
1.650	29888	10
1.655	26569	7
1.660	7094	6

Last trade - 11.51am 28/07/2025 (20 minute delay)

SRG (ASX) Chart

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