When a white knight investor takes a significant holding in a company it’s always difficult to determine whether the stock is going to do a Walker Corporation or Yellow Brick Road ( shares languish and major investor buys company really cheap and takes the company private) or whether the company rebuilds itself and goes to new heights.
What makes me think that we will see the latter is that former directors have lost a significant amount of money as a result of the significant fall in share price and hopefully want the shares to return above 50 cents to “get their wealth back”.
There is no doubt in my mind the company has turned the corner and the smell of the return of fully franked dividends is in the air.
My gut is telling me that patient investors will be rewarded hear.
DYOR as I may be wrong.
Ducky.
When a white knight investor takes a significant holding in a...
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Last
17.8¢ |
Change
-0.003(1.39%) |
Mkt cap ! $54.40M | |||
| Open | High | Low | Value | Volume |
| 17.8¢ | 17.8¢ | 17.8¢ | $4.438K | 25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 25000 | 1 |
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| Last trade - 14.05pm 23/08/2024 (20 minute delay) ? |
| MYE (ASX) Chart |