No-one who has been around the ASX small cap market for 30 years and seen all this 1,000 times, actually believes in the tax selling story anymore, it's always a furphy, and especially when you look at the profits made from the sell.
He was obviously taking profits for Xmas and New Year, maybe for a new boat or house, who knows, and good luck to him I suppose, but I wish they'd be a bit more transparent.
Now if I wanted to be a bit more cynical, I'd say he released some announcements about dividends coming in 2022, the stock price goes up, then he takes some profits, that's the way it is, simple eh!
But let's give the directors the benefit of the doubt, they've done a good job over the past 2 years getting this company to the current stage, and I'm not going to deny them some profits.
I'm still thinking that during 2021 sometime this should pass through 40 cents, but it might not be as rapid as we originally thought.
Gw
- Forums
- ASX - By Stock
- SXY
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-89
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)