This is definitely mid to long term hold.
forget about charts and fundamentals.
What is important here is SXL is back and running prematurely with $$$ in the bank, advertising $$$ flowing back in including millions come through with Jobkeeper.
Massive dilution sometimes is a positive especially when SP are tanked heavily due to panic.
Just have a look at APT and others on record highs even when their books look ugly after big dilution.
My view for SXL is 30/40 cent base rate for mid to long term.
SXL 50c Party, page-36
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Last
56.0¢ |
Change
-0.010(1.75%) |
Mkt cap ! $134.3M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.5¢ | 55.5¢ | $198.3K | 348.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41765 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SXL (ASX) Chart |