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.
Material upside potential, page-5
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Last
$1.72 |
Change
-0.045(2.56%) |
Mkt cap ! $451.4M | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.76 | $1.72 | $802.7K | 462.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 350 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SXE (ASX) Chart |