The company is set for excellent annual growth and hence pleasing rewards for holders, but the SP is getting ahead of itself. Some of this will be exuberance given the trimmed mean rate of inflation came in today slightly lower than analysts' expectations, supposedly buttressing the case for a February 2025 cut in the RBA cash rate and hence slightly lower interest rates.
But as Angus Taylor, Shadow Treasurer from the Liberal/Nationals Coalition reminds us, we're doing worse than most comparable developed economies. Seven consecutive quarters of Australia being in recession is not great.
As usual, today's trades have seen low volume: 25,130 by 1512 AEDT.
It is rare for SNL to have A$1 million of scrip change hands on a trading day.
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