It's not stoicism, its risk/reward profile analysis. I think this is worth more than $2.70 long term. Though I may be wrong, which is why I have a 2.5% portfolio position in SGR along with 30 other 'bets' at the same time. So if you are correct and it goes to 40 cents, I can offset the loss against other gains. As a result I increased my position from 1.5% to 2.5% today.
What I love most about HC is how many people predict exactly what a share price is going to, or that they will always be right in their predictions! I would be over the moon if I could be assured of beating the market more than 60% of the time. Everyone seems to post that they think SGR will go to $.40 or $4.00 - this is laughable! My analysis is that this is a little undervalued and has strong downside protection. Having said that anything could happen and debt markets are becoming less accommodating which will impact refinancing.
PS I get heaps of picks wrong and have to sell out at a loss, despite this I have done well in shares since I started investing 9 years ago.
PPS I probably would have done just as well, if not better with an S&P 500 index fund like IVV.
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Last
28.5¢ |
Change
0.020(7.55%) |
Mkt cap ! $817.5M |
Open | High | Low | Value | Volume |
27.5¢ | 29.0¢ | 26.3¢ | $6.237M | 22.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12947 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 605309 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12947 | 0.285 |
8 | 146488 | 0.280 |
10 | 723452 | 0.275 |
25 | 688972 | 0.270 |
19 | 616986 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 605309 | 19 |
0.295 | 952472 | 18 |
0.300 | 1028397 | 21 |
0.305 | 444812 | 6 |
0.310 | 727441 | 17 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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SGR (ASX) Chart |