In the past 6 months we have gone from 65c to 90c by mid June then dropped by 10% (earlier today) before recovering to 83.5c. It is now the end of the financial year. The company has not had any bad news (of which we are aware). It tends to surprise on the upside without doing anything spectacular. Basically "gnarly" as it was once described but is certainly consistent. Based on previous forecasts, I think there is a strong chance for a 2.5c dps to be announced in (late?) August. Even 2c would give a yield of close to 5%. I don't think shorting is occurring. There has been no announcements of major shareholdings falling below 5% (sorry if I have missed such). I am bemused by the selling and, similar to Buzz, will have a crack when the price gets too low. GLTAH Keith
SRG Price at posting:
83.5¢ Sentiment: Hold Disclosure: Held
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