Well at 1$ the dividend yield would be 16% before franking credits. Revenues are about 80% covered for 2010. The recent SPP at 1.15$ took care of debt. Fundamentally the SP looks cheap on every metric. Technically it may well go to 1$ but this should be viewed as a great buying opportunity. Have accumulated 165k shares below 1.25$ and looking to buy more once the bottom has been put in place technically.
good value?, page-4
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)