Rab
The excitement has certainly gone from this stock. It is now the most boring stock in my portfolio of 6 stocks. It also my largest holding and my largest unrealised capital gain . Having bought large amounts of stock around 50 cents over 2 years ago I am very very happy.
Going forward the stock will slowly move up over time as the companies profits increase each 6 months. There will be plenty on positive announcements in the coming 6 months but the stock has moved closer to a investment grade type stock and the price will be more influenced by profit growth than any other factor. I dont see a lot of upside in the share price over the next 12 months as most of this growth is factored in. I can however see another spurt in the share price in 12 to 18 months time when it should start to become apparent that speed camera's are finally going to give profits a significant boost.
Rab The excitement has certainly gone from this stock. It is now...
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