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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- dividend yield equates to 12%
Hey Mates,RED is quite promising. But Hold on a second - just...
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Last
36.8¢ |
Change
0.003(0.68%) |
Mkt cap ! $2.465B |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 35.8¢ | $4.292M | 11.78M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
55 | 1925811 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 1412201 | 43 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 1989051 | 0.365 |
30 | 2979430 | 0.360 |
22 | 1481783 | 0.355 |
36 | 3871867 | 0.350 |
30 | 1757422 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 1310983 | 40 |
0.375 | 1281949 | 23 |
0.380 | 1118320 | 27 |
0.385 | 1169623 | 16 |
0.390 | 1742409 | 22 |
Last trade - 11.48am 21/08/2024 (20 minute delay) ? |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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