I can't lie, I'm pretty bummed at this.
I'm running a loss now, and have been waiting on this to push $4.0
The fundamentals of this have been strong for a long time, but this dividend cut, while ultimately good for RRL's bottom line, is certainly going to scare away many who were holding this for dividends.
We're at COVID-March level lows at the moment, and it hasn't been this low since March 2017, despite the fundamentals (at least as far as I can tell) actually being much better in comparison.
I feel that RRL remains undervalued, but I expect Shareholders are just finding more attractive places to put their money?
Ann: Half Yearly Financial Results Presentation, page-32
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Last
$1.63 |
Change
-0.010(0.61%) |
Mkt cap ! $1.231B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.66 | $1.62 | $3.457M | 2.115M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 617 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 9925 | 2 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |