They have prepaid for some materials- they have paid for the land next door at Mobile- they have cash and the balance sheet looks sound.
The important thing going forward is the quality of the contracts- we shall learn that as we progress. The current share price, in my view, reflects a question mark around contract quality- and that we are in the valley between contracts running off and new contracts.
I am happy with my average price and with the percentage of the portfolio that this stock represents for me. I could only buy more at a lower price if my overall portfolio was to increase proportionately. Risk management. Keeping a lid on it. Almost now have the stocks that I want at the prices or averages that I want- almost ready to cross the river and embrace a buy and hold strategy- the long term plan.
This stock has taught me a lot- going up and down the escalators with it over about three years- learning from getting things right and making mistakes- getting the timing right sometimes and sometimes wrong. Perhaps an ETF or money in the bank would be a good investment- but would that be half as fulfilling? Would you want to own a rental instead and clean up after tenants have skipped off? Do term deposit holders talk interest rates on social media?
Loving it.
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Last
$2.56 |
Change
-0.010(0.39%) |
Mkt cap ! $927.9M |
Open | High | Low | Value | Volume |
$2.54 | $2.58 | $2.52 | $1.166M | 457.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4756 | $2.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.58 | 47159 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4756 | 2.550 |
2 | 4000 | 2.500 |
3 | 4373 | 2.490 |
1 | 20000 | 2.480 |
2 | 8777 | 2.470 |
Price($) | Vol. | No. |
---|---|---|
2.580 | 47159 | 5 |
2.590 | 15129 | 5 |
2.600 | 22805 | 9 |
2.610 | 415 | 1 |
2.620 | 8990 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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ASB (ASX) Chart |