Hey Mates,
RED is quite promising. But Hold on a second - just think about the 12% dividend. If the share price keeps falling then we may have 13%, 14%, 20% dividend?
An increasing dividend yield is not a good sign for small caps especially with falling share price.
On the positive note, RED has got a positive write up in last months Money Magazine. However I was looking at a valuation method that Analyses RED as an example here:
http://ozstock.blogspot.com.au/2012/05/analysis-red-red-5.html
The summary from that blog article is: RED is very close to being a favourable buy, but not yet. I think this makes sense, once more good news come, the SP will shoot up. If it has solid resources, then there should still be time to jump in.
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Last
40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $2.755B |
Open | High | Low | Value | Volume |
40.0¢ | 41.3¢ | 39.5¢ | $5.806M | 14.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 732397 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 927828 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 345710 | 0.400 |
13 | 221075 | 0.395 |
21 | 509412 | 0.390 |
10 | 255581 | 0.385 |
11 | 327563 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 210612 | 5 |
0.415 | 241444 | 5 |
0.420 | 235511 | 5 |
0.425 | 1049435 | 15 |
0.430 | 1476173 | 23 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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RED (ASX) Chart |