Unfortunately I sold out a couple of weeks ago with some reluctance.
I believe SXE is worth $1 and potentially plus.
No debt, new acquisitions r performing vey well,plenty of cash in bank and imo a great sector.
My issue I don't know the effects of the developing IR changes,I believe the govt doesn't know the effects of their IR changes and business has stopped running their businesses while they try to understand the effects of these IR changes.
My general understanding is less flexibility and some serious red tape.
Maybe 6 or 7 years ago compliance required 25% of managements time.After these changes well who knows.
SXE works on low margin will plenty of employees i'm guessing these IR changes will have an effect i just don't no the level?
So chicken little is out witch i find a shame because i feel div will be increased interim but may include comments regarding IR changes?
Happy to be corrected and if correction makes sense i'll be back.
GLTAH.s
ps i hope govt owned organisations are held to the same IR stds including potential prison sentences.
IR changes.
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Last
$1.62 |
Change
-0.010(0.61%) |
Mkt cap ! $428.1M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.63 | $1.54 | $1.806M | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28304 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 1000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| SXE (ASX) Chart |