In my view its not worth buying at those levels. Thats only 28c away from current SP or ~3.1%. You are better of sitting and waiting. As an example, my buy price is $7.50-$8.00. I doubt it will get there but thats the sort of levels I would buy.
This is an incredible business that arguably runs a global monopolistic registry service. Barriers to entry are high as businesses like CPU have scale and can do it cheaper.
Watch for US rate rises this year. If this happens the stock will catapult to $11 due to earnings potential from trust deposits but also FX gains into AUD. The higher US rates the better. Its a LT investment so this will play out over the coming years.
CPU Price at posting:
$8.78 Sentiment: Buy Disclosure: Held
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