As a long term shareholder the current share price is disappointing.
If I was looking for an entry point I think the current share price is very attractive.
I think OFX share price is getting smashed because we're not currently getting any dividends while they pay down the debt from the Firma acquisition. So OFX can give us glossy presentations on how great everything is going, but investors aren't liking that there's no dividend return on their investment.
Firma pay down is likely to take another 3-4 years so it could be sometime before we see any change to the market sentiment.
I like OFX as a company but it's been a frustrating and disappointing investment.
As a long term shareholder the current share price is...
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Last
$2.09 |
Change
-0.060(2.79%) |
Mkt cap ! $501.5M | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.13 | $2.06 | $307.3K | 147.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2350 | $2.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.11 | 2350 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| OFX (ASX) Chart |