Anybody watching this?
Down 25% in two months. Obviously some substantial holders are selling, but also I think we must be getting to a point where value investors will step in.
This is a cyclical business that is well run and has growth prospects.
Even assuming that they pay only 8.5c dividend, then their dividend is 17c for the year. That's 8.5% + franking.
In my view the main risk is capital depreciation if the share price continues to drop.
Anybody watching this?Down 25% in two months. Obviously some...
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