They state in the announcement that the 2 of 6 months profitability was due to wet weather, with most of the materials and labour inflation occurring only recently. More likely a bit of both I suspect.
I think management have demonstrated an ability to work through various issues quite well in the past, and hopefully will succeed reasonably well during the current hardships. If so then the current pull-back will provide a great buying opportunity. But I agree that a reduced dividend is likely until their is more clarity on future conditions. How reduced, and for how long, is anyone's guess unfortunately.
I might keep averaging in at these lower prices until the annual report and dividend announcement which risks my getting badly burnt in the short term. But I will at least hold as I believe in the company and expect to be handsomely rewarded by dividends in the medium and long term if not the short term.
- Forums
- ASX - By Stock
- Ann: Takeover Offer Update
They state in the announcement that the 2 of 6 months...
Featured News
Add TWD (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.45 |
Change
0.000(0.00%) |
Mkt cap ! $92.30M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | $2.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.50 | 71 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 2.470 |
1 | 462 | 2.450 |
1 | 5000 | 2.400 |
1 | 1260 | 2.380 |
1 | 1276 | 2.350 |
Price($) | Vol. | No. |
---|---|---|
2.500 | 71 | 1 |
2.580 | 462 | 1 |
2.680 | 1959 | 1 |
2.990 | 3376 | 1 |
3.100 | 767 | 1 |
Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
Featured News
TWD (ASX) Chart |
Day chart unavailable
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online