TBR 2.32% $4.85 tribune resources limited

Nice to see when a stock you own is up 12% on the day and it...

  1. 2,337 Posts.
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    Nice to see when a stock you own is up 12% on the day and it looks like your broker screen is playing up (no shares on the offer depth!).

    Having said that it should trade lower tomorrow surely as someone playing funny games to make it close at 5.20.

    Still vwap 4.86 on the day shows might be getting some sort of positive re-rating. As discussed on the thread the stock seems to have risen a lot lately but it's just loosely reflecting the likely gains in the value of the inventories on the balance sheet.

    Arguably there is still the same massive discount to underlying fair value despite that we are in a major bull market for gold. Also despite the company doing a solid job with costs, cash flows and franked dividends, unlike many others in the sector.

    Hopefully another nice dividend soon, would like to see a larger one but even the same is not so bad at all.
 
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