I took a small loss and exited my entire position (except for tiny holding in case of attractive future capital raising).
Reasons:
(a) Coles/safeway reporting increased profits, yet metcash decreasing
(b) most important for me, there is a 2-3year turnaround project in place. Significant increase in capital expenditure, but will it work? better to come back in a couple of years time when earnings/cashflow will be depressed because of expenditure and access it then.
(c) This stock is not even a dividend play anymore. At 60% payout I forecast DPS to be around 16c. At current market price of $2.85 a 5.6% yield with uncertain future earnings does not cut it for me.
Happy to sit on the sidelines
I took a small loss and exited my entire position (except for...
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Last
$3.54 |
Change
0.040(1.14%) |
Mkt cap ! $3.864B | |||
| Open | High | Low | Value | Volume |
| $3.54 | $3.55 | $3.51 | $7.818M | 2.209M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1901 | $3.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.55 | 64009 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MTS (ASX) Chart |