Result is impacted by a lot of one off factors, flooding, train derailment, acquisition costs. Dividend cut because of this but also funds needed to expand their bulk haulage. (which will mean future higher profits)
I have no problem with the dividend being cut, and being a 'long term infrastructure type asset' its the long term cash flows I am focussed on.
This is a large position in my portfolio (4%) so I will not be doing anything. I probably won't add unless the share price gets down to $3
Ann: Half Year Results Presentation, page-17
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$3.43 |
Change
0.060(1.78%) |
Mkt cap ! $6.313B | |||
| Open | High | Low | Value | Volume |
| $3.36 | $3.43 | $3.36 | $45.04M | 13.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22000 | $3.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.43 | 170277 | 3 |
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