SXE 0.85% $1.75 southern cross electrical engineering ltd

Ann: Market Update, page-22

  1. 7,289 Posts.
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    Sometimes Mr Market gives you a nearly risk free way of making money. The company was guiding for positive performance, the value was good relative to the share price and yet Mr Market when he was having one of his pyscho fits, dumped the share price in June in tandem with the macro sell off.

    Value is still good even though the share price has jumped 20% odd off the June lows.

    I am holding onto my position and eagerly awaiting my dividend.
 
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