I applied for 100% of the oversubscription in my smsf. I believe I will get my oversubscription. I am very surprised the retail offer was not oversubscribed, the SP had been trading well above the SPP price. I guess some may have thought it could drop. I haven't sold a single share, I think we are going much higher in the medium term.
More Work on Hand, hopefully better margins and a larger dividend. What's not to love.
Made a huge mistake in selling Lynus shares I got in around the low $1.00 mark trying to make a quick buck, look where it is now. Did the same with Santos and BHP. Trying to make money trading once the sentiment changes on a stock is way to hard unless your a professional trader. I now take the approach of buy and hold and watch value rise over time and forget about the daily swings.
MLD Price at posting:
$1.43 Sentiment: Buy Disclosure: Held
