I bought in to Sealink in 2015 and have done very well with my holding, however in October I sold the lot @ $ 7.77 after they missed out on tender to Kinetic.
I bought back in ( half of what I used to hold ) @ $ 7.46 last month and are tempted to increase @ these levels. Though I am held back by,
Still pretty high P/E
The fact that to my knowledge none of the major LIC's have held this stock ( i.e. AFI ARG AUI DUI BKI - WAM did hold but sold in the last few months )
The tendering process which could drive down margins with competition.
The chart gives the impression of a forming head and shoulders.
Any views ?
Riv
Sealink was an Icon, page-3
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Last
$5.11 |
Change
-0.090(1.73%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $5.09 | $5.16 | $5.06 | $1.893M | 370.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5704 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.13 | 1875 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| KLS (ASX) Chart |