Will be buying in for sure. This SPP is a really smart move by management when you think about it. Short term there could perhaps be some dumping to realise a quick risk free profit, but longer term I can't see too much going wrong.
Pessemisticcase: Abnormally poor performance brings share price down to $1.90 and closer to NTA and I hold long term, probably still end up beating inflation.
Optimistic case: Performance is more consistent, beating the index more often than not. Continues impressive record, grows at 10% p.a and I double my money every 7 years.
Upside far out ways the downside here. Would probably hold off at current market price but at SPP price of $2.14 it has to be a buy.
IMO.
Decision?, page-17
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Last
$1.52 |
Change
0.005(0.33%) |
Mkt cap ! $1.686B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.51 | $1.698M | 1.120M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 74103 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 77963 | 9 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| WAM (ASX) Chart |