Its finally all out! Every little bit of news has hit the market! Now more of us smaller fish are circling, buying, trading, in hope that what we have just read in the report prove right. NTA 69c, 15c ff div, 50mill profit! Growing sales..and the list is on.
Its up to the sharks if this baby now takes off or sits on the sideline. The fund managers/brokers, if they recommend this baby to their clients or invest on their behalf, we will have a new market of buyers.
Now chances are looking much better then before, with the media coverage and a 30% spec div, its definitely getting air time and some of the brokers.
Whether or not they start trading it is another thing! One thing i know is that once one big shark jumps in, they will all want a piece of the action.
once again, the bottom is close, but the top is looking further away.
my view stands, we have to be in somewhere near the bottom, but once trading conditions normalise and profit begins paying divi's, the top could be anywhere near its NTA.
SIP Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
