I took a speculative 1st position into the afternoon on the final trading day of this financial year.
Tax loss selling has abated (tax loss selling most intense in the first few weaks of June, and generally abates by the end of June, with the last couple of trading days potentially seeing rebounds as people buy back in so so to not loose a position (ie sell early June, buy back by late June, claim the tax loss but still have the position).
SXL announcement on 27/6 was good for two reasons:
a) SXL is not perusing ACM merger proposal (good, SXL has enough problems without adding ACM assets)
b) Guidance of FY24 earnings given on 15 May remains the same (so at least things haven't got worse than expected over the last 2 months).
A speculative position for me, on a bombed out stock in a bombed out sector.
I took a speculative 1st position into the afternoon on the...
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Last
61.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $146.3M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.0¢ | 58.3¢ | $281.8K | 472.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4699 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 7441 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SXL (ASX) Chart |