Hi GK,
AEU. The FA looks great. PE = 6!!! yield 7.5%. Is that franked? Some property mobs do not. REITs that is.
sp is cheap on FA. If this traded on PE 10 then it would be $2.66!!!
I notice 2 things on chart.
1. The big low wick on candle in mid January. That must have been interesting!
2. more relevant, is the brick wall at $1.60. What is going to kick this up. The market likes growth. Perhaps this stock is seen as safe but dull on the growth side.
I am not against the stock, quite the opposite. It "should" be trading at $2+ on FA. This type of stock just does not excite the market.
good luck with it.
mower
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