I don’t know what others think, but I use market reaction as a general guide. I believe your approach to buying is the right one, at least for this company. Initially, I thought this company was a growth stock and therefore justified a high PE. However, I now see it more as a yield stock, especially since they pay out about 90% of their profit as dividends. So, it’s best to get in when the price falls below.
Ann: Trading Update, page-40
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Last
$7.55 |
Change
-0.030(0.40%) |
Mkt cap ! $1.171B | |||
| Open | High | Low | Value | Volume |
| $7.58 | $7.68 | $7.52 | $2.396M | 317.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 4956 | $7.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.55 | 2002 | 5 |
View Market Depth
| Last trade - 15.30pm 01/10/2024 (20 minute delay) ? |
| DTL (ASX) Chart |