On this rare occasion, I have reacted to this sp drop by buying a minimum parcel of shares. We have heard nothing from the company to suggest that it has had a bad half year. Nothing. It has added more contracts (and recurrent income) to its stable. It may have even decided to cool its heels a bit based on a struggling economy (and government).
Its PE ratio is very modest and boasts a high dividend yield based on past performance.
I really struggle with the modern sharemarket because we retail holders have no idea of the shenanigans being played by institutional investors, shorters and (possibly) inside traders. I am not asserting that such is the case with SRG but such is true of the larger market. Particularly small caps.
Maybe I will be proven wrong and that the inside knowledge is superior. If so, the directors would have to have a look at themselves and come up with an explanation. I have held SRG for a long time and will continue to do so. This is just a modest play mainly due to frustration with a sp which has dropped significantly from its high for no real or apparent reason. All the best. Cheers Keith
SRG Price at posting:
64.0¢ Sentiment: Hold Disclosure: Held
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