I think what makes S32 an easy investment at this stage (looking for a possible 20-30% gain) is the fact that s32 actually save money by conducting the buyback even at higher prices.
They will continue to grab what they can and will also be buying all they can post ex dividend date. They will clean up all the sell supply in my opinion which will support the price.
The big dividend payments are going to come in fy18 so that will be their focus. Knocking over the buyback as fast as they can (the first half fy18) especially if the outlook for commodities looks strong it will be in their best interest. Onwards and upwards. This has played out nicely and it's good to be on the money. Patience is paying off. As a holder all I can tell existing holders is be careful not to offload too early.
I think what makes S32 an easy investment at this stage (looking...
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Last
$3.72 |
Change
0.040(1.09%) |
Mkt cap ! $16.84B | |||
| Open | High | Low | Value | Volume |
| $3.61 | $3.74 | $3.60 | $37.65M | 10.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 137095 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 128315 | 6 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| S32 (ASX) Chart |