I agree that Morgans is estimating no dividend payment for the second half of 2020. So there would be huge upside if AX1 surprises the market by increasing or maintain current dividends. That would be a catalyst to see the SP head back to over $2.
I can't get my head around the fact that AX1 are well known to have a very strong online sales presence yet the market factors in foot traffic via in store sales and discounts the online strength. I'm hoping that the company provides more clarity on how strong their online sales have been in more detail.
AX1 Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
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