RED/SLR have been in the portfolio for a long time now. Sad to say I'm running out of patience. The marriage starting to stink a bit. M&A decisions is the fastest way to impairments. SP value destruction is almost a guarantee in the short/medium term if results do not align with market expectations. Worse is failing to deliver long term and balance sheet repair becomes an overwhelming priority. Ultimately when confidence in a stock is lost, it is very hard to get back even if the fundamental value recovers.
Still a hold but very close to a sell.
Ann: FY24 Financial Results and FY25 Outlook, page-35
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Last
32.3¢ |
Change
-0.043(11.6%) |
Mkt cap ! $2.193B | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 31.5¢ | $14.48M | 43.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 3467024 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 223288 | 21 |
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| Last trade - 14.54pm 29/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |