I held RRL in the past and sold @ $3.78 for Capital gain.
I wasnt sure about companies future until last HY result.
Gold price has come back a bit as well as Gold stocks share prices.
I use a formulae to see if a company is worthy of investment.
Earnings yield = EPS / Share price x 100/1
RRL EPS for 1HY21 was 16.64cps.
I bought > 50,000 shares @$2.99
Gives a yield of 5.57%
I am staggered as this is the best result in my whole portfolio.
Commsec reported that aggregated earnings were down 17% in the 1HY
Resulting in a crash in earnings yield.
Gold stocks have held up well.
I plan to hold onto my RRL long term.
I know they give the best return for my investment currently.
They also have excellent prospects of Capital growth with the new project at Blaney.
I also note the other gold stocks yield quiet well also!
I held RRL in the past and sold @ $3.78 for Capital gain.I wasnt...
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Last
$2.05 |
Change
-0.040(1.91%) |
Mkt cap ! $1.548B | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.10 | $2.02 | $7.411M | 3.626M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 41109 | 5 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.05 |
Change
-0.040 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $2.08 | $2.08 | $2.02 | 1323839 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RRL (ASX) Chart |