I am a long term fan of this stock, and as a result of the yield, and buying on weakness I am now (at least!) fully weighted. If I was not already full I would buy some more.
As for the $2.50 question - I would say it pays not to get greedy or get ahead of ourselves.
On Jul 1 2016 the SP was $1.78. It's now $2.41 or thereabouts with ff divs of 16.1c (= 23 c gross).
So thats a return of 86c gross over the financial year, or 48% gross.
I can live with that.
And yes, there is a fair amount of risk around this stock (including liquidity risk), but I have found that to be the case with many of the stocks on the ASX. We live in risky times.
Having said that, there is still plenty of upside IMO, including that of a buyout if and when the opportunity arises and David Dicker decides to retire.
DYOR of course.
$2.50, page-4
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Last
$10.04 |
Change
-0.220(2.14%) |
Mkt cap ! $1.811B | |||
| Open | High | Low | Value | Volume |
| $10.05 | $10.08 | $9.96 | $2.211M | 220.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 616 | $10.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.04 | 5476 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| DDR (ASX) Chart |