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
KLS Price at posting:
$6.35 Sentiment: Hold Disclosure: Held
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