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
$2.38 |
Change
0.000(0.00%) |
Mkt cap ! $860.7M |
Open | High | Low | Value | Volume |
$2.38 | $2.41 | $2.36 | $1.233M | 518.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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39 | 29124 | $2.37 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.38 | 20146 | 13 |
View Market Depth
No. | Vol. | Price($) |
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39 | 26926 | 2.370 |
8 | 12456 | 2.360 |
9 | 12657 | 2.350 |
7 | 13247 | 2.340 |
6 | 17088 | 2.330 |
Price($) | Vol. | No. |
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2.380 | 20889 | 10 |
2.390 | 46448 | 21 |
2.400 | 44845 | 14 |
2.410 | 57660 | 10 |
2.420 | 32817 | 9 |
Last trade - 15.21pm 14/06/2024 (20 minute delay) ? |
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Last
$2.39 |
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Change
0.000 ( 0.33 %) |
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Open | High | Low | Volume | ||
$2.40 | $2.40 | $2.36 | 78826 | ||
Last updated 15.39pm 14/06/2024 ? |
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