There has been such an increase in retail investing and this is one of the stocks that was heavily purchased by such, when the weight of outflow institutional investment was applied many have reacted and sold. They have appeased their debtors (who incidentally will also benefit directly from the dividend as they are also major shareholders) and any purchase of these shares at $3.09 NZ and below with a dividend of .12- .13 will be a fair on your capital. I only invest for yield.
ZEL Price at posting:
$2.42 Sentiment: Hold Disclosure: Held
