SXL 50c Party, page-37

I've been buying this between 90 cents and $1 and then selling in the $1.25 - $1.35 range for years.

I've done it about half a dozen times. Plus I've collected all the dividends.

It has been a cracking earner.

The old $1.30 level, after the new shares on issue, is about 50 cents or just a little under.

So I think it will get to that level once we all start living more normally again - won't be too long.

After the capital raising my new cost is 39 cents. I'm confident it will exceed that and then I can get
back to my trading in and out strategy - albeit at a lower level - but similar profit result.

It doesn't need to reach its old highs. And eventually the dividends will start again.

It seems to me that the capital raising was about survival. I'm ok with that

I think management did the correct thing.