I have been accumulating a reasonable holding in this stock whenever the price has pulled back below $2.40 (nearly 9% fully franked assuming 21c div is maintained). Don't need to see much capital growth to like that sort of grossed up return).
But I did not expect the recent increase in price and am not sure whether it still represents value with a 7% ff yield. Yet it appears the broader market does, maybe because of lower interest rates supporting housing, or the growth/recovery in Queensland, or maybe just confidence returning that the dividend will be maintained in a market that wants yield.
Regardless, I will hold, but don't see myself adding unless there is either a pull-back in price or some very convincing news or a hint of higher dividends.
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Last
$2.98 |
Change
0.000(0.00%) |
Mkt cap ! $112.3M |
Open | High | Low | Value | Volume |
$2.98 | $2.98 | $2.98 | $3 | 1 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4432 | $2.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.95 | 3490 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4432 | 2.740 |
1 | 3600 | 2.730 |
1 | 3696 | 2.700 |
2 | 738 | 2.680 |
5 | 8800 | 2.660 |
Price($) | Vol. | No. |
---|---|---|
2.950 | 3490 | 1 |
2.980 | 1166 | 1 |
3.000 | 1 | 1 |
3.010 | 2819 | 1 |
3.100 | 767 | 1 |
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