If it makes you feel any better, i have a rough idea what I'm doing and bought in for the divi fully expecting a bit of a drop. Did not heed the warning from management that none may be paid but also figured if that were the case the SP eould at worst stay flat..not drop 25%.
I'm down roughly $70k as a result but pretty confident it will be short lived.
Prior to this drop we were trading at roughly a PE of 7 with a yield of what? 11? (guestimates).
The SP could have doubled from there and we'd still have had a reasonable valuation.
Looking forward to the coming weeks ;-)
GLTAH.
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Last
$6.27 |
Change
0.030(0.48%) |
Mkt cap ! $8.259B | |||
| Open | High | Low | Value | Volume |
| $6.26 | $6.34 | $6.21 | $5.436M | 867.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 11241 | $6.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.27 | 9729 | 28 |
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| Last trade - 14.48pm 11/10/2024 (20 minute delay) ? |
| YAL (ASX) Chart |