I have been a long term holder of this stock until selling out recently at $3.90
My main concern with this business is that it hauls coal yet AZJ management appears to be anti coal. How can you successfully run a business where you seemingly despise your own customer base. Coal will be around for a long time yet so I just don't get the dire imperative for freight diversification. It is all about sucking up to the ESG crowd who still won't invest in AZJ anyway. I took my AZJ sale proceeds and invested in WHC and NHC and have done nicely as a result.
The only thing keeping the AZJ share price afloat was the dividend and now the magnitude of this is in doubt medium term I suspect the AZJ price to keep calling.
Ann: Agreement for acquisition of One Rail Australia, page-38
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Last
$3.71 |
Change
0.010(0.27%) |
Mkt cap ! $6.829B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.73 | $3.69 | $25.76M | 6.948M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 33081 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 116856 | 5 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |