There's nothing wrong with taking a quick profit. My personal judgement is that Ausdrill is worth more than the market is currently judging it. Somewhere in the low $2s is what I am expecting long term. If there was a significant downturn, then i would still put it above $1.5. However, there's some complicated drivers in the industry though that could Ausdrill long-term. Increased automation. The changing 'maturity' of the Australian and African mining landscape. Exchange rates. Access to capital. Also a rebrand may be potentially useful for the company, as a lot of people seem to assume simply by the name that Ausdrill is an oil and gas driller, and so discount or ignore the company due to climate change policies.
Is Dividend Sustainable?, page-17
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Last
$1.20 |
Change
0.025(2.14%) |
Mkt cap ! $1.127B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.18 | $2.135M | 1.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27495 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 11376 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| PRN (ASX) Chart |