Share price is mainly down (IN MY OPINION) due to short term holders who are/were simply betting on coal for short term gain due to the explosion in coal prices.
People that are interested in doing that would be much better off betting on shares with direct exposure like whitehaven coal.
Aurizon has STABLE income and won't fluctuate too much with the price of coal, and this is what I believe those speculators have gotten wrong.
Still, I believe Aurizon has good long term prospects and is good for dividend investors over the next few years.
Ann: Full year results presentation, page-15
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Last
$3.65 |
Change
-0.040(1.08%) |
Mkt cap ! $6.718B | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.73 | $3.64 | $28.62M | 7.799M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1997 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 166709 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |