I was 50% in the hole with SRG but I doubled down and am now back in the green over there.
But given SXE's strong balance sheet I couldn't see much downside here at 0.45. I obviously got that one wrong. No chance of selling though unless that cash and those franking credits somehow disappear.
There's not much free float here so I think it may be due to some funds selling down. From memory I believe it was removed from one of the indices recently.
SXE Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
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