FWIW I started a position on Friday, and averaged down some more today.
Hard to justify how the stock price can decrease by 1/3 in the space of a month, on no company-specific news. If anything, they've a pending windfall in the sale of the TV business. Tough times at the moment for some with the cost of living increases - but that is a global affliction. Ok, advertising revenues may suffer for a while, but SXL are a decent company and I suspect they can find a way to work through it all. Anyway, see where this goes over the next few years.
FWIW I started a position on Friday, and averaged down some more...
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Last
65.0¢ |
Change
-0.030(4.41%) |
Mkt cap ! $155.9M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.0¢ | 63.0¢ | $192.5K | 299.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 6149 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SXL (ASX) Chart |