Weakening AUD is a positive for PRN. The last announcement mentioned the strong AUD/USD as a headwind. Be great if it heads back to 0.70 (the AUD/USD exchange rate that is) in the next few months. In any case, as long as it stays away from 0.80, we'll be ok.
I think PRN has found a floor in the 60s. Even a 'bad' report can't send it south because that's what the market anticipates based on the last announcement. If the dividend is maintained at 3.5c (I think we'll find out in August), then people will flood back in. I mean come on - an annualized dividend of 7c on a share price of 70c is just easy money. I really think PRN is a heads you don't lose much, tails you win big sort of stock at these prices.
Ann: Change of Director's Interest Notice, page-5
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Last
$1.10 |
Change
0.033(3.05%) |
Mkt cap ! $1.028B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.10 | $1.07 | $2.392M | 2.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 134389 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 298697 | 17 |
View Market Depth
| Last trade - 14.09pm 17/10/2024 (20 minute delay) ? |
| PRN (ASX) Chart |