I'm not sure if I'm a buyer of this rise.
Personally, I believe it's only up because of the US stimulus package causing a few strong greens days followed by some investors' fear of missing out.
You have to remember, we aren't making any money. Yes expenses will be down considerably, however, I'm anticipating dividends to be cut or significantly smaller in the distributions ahead as a result. This hiccup to business operations will ricochet from many months after a recovery in the economy and when business operations return to normalised levels.
I believe it's a hold here, with accumulation below $1.50
Cheers,
Dalto24
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Last
25.0¢ |
Change
-0.200(44.4%) |
Mkt cap ! $717.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 30.0¢ | 20.5¢ | $77.15M | 313.1M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1237300 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 54106 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SGR (ASX) Chart |