Hey Businessben,
I've been in YAL for a while now. I have only just started posting on this thread, as I do believe it should and will, be double.
Whilst the P/E ratio remains around 4 with dividends fully franked around 12% it's ripe for the picking. Sure coal isn't the most stable commodity to invest in. However, the price has been stable for a few months now, with fundamental signs coal will be here for a long time to come, with exporting.
Some here have suggested tax time, mixed with June traditionally being a pullback month. I think that's relevant but more to do with being in between dividend payments. There's no hurry to get in, unless you can see it going up without any major news. I do as it's an absolute cash cow, making and paying great dividends. There's also $1.3b
kicking around in the bank, should they choose any developments.
It's still trading higher now than in previous years, despite a bit or profit taking over the past fortnight.
I'm loading up - Long term, with retirement in the next five years.
- No time like the present !!
-GO YAL!
Opinions Only- DYOR!
Hey Businessben, I've been in YAL for a while now. I have only...
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Last
$6.26 |
Change
-0.035(0.56%) |
Mkt cap ! $8.305B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.21 | $680.3K | 109.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4450 | $6.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.26 | 472 | 7 |
View Market Depth
| Last trade - 10.31am 26/06/2024 (20 minute delay) ? |
| YAL (ASX) Chart |