It's Tax loss selling season, compounded by general market funk.
Given the RBA is now hinting at another possible rate rise by EOY, interest rates likely won't drop, in any meaningful way, until 2nd Q of '25 and with the SXL debacle still festering away in the background, this could still have some ways to go (down) imo.
A surprise upside to dividend returns in Sep might put a temporary floor under the price, but for that to happen, it would likely be sourced partially from debt rather than improved revenue/NPAT, so even that may be viewed somewhat negatively by the market once the initial sugar hit wears off.
I might think about averaging down if it hits the low 50's. Then again... Im starting to feel like I've already thrown too much money at this sector lol.
It's Tax loss selling season, compounded by general market funk....
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Last
62.5¢ |
Change
-0.005(0.79%) |
Mkt cap ! $195.6M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.0¢ | 62.0¢ | $167.0K | 267.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23319 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 31401 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| A1N (ASX) Chart |