Very true however AX1 is firstly a growth story and then a consistent high yielding play. If you look at the last 3 years and a very decent return on equity which has been consistent as well. I'm also scratching my head as to why the sellers come flying in at about 10:20am and then by late afternoon the stock recovers to make new highs.
On current prices AX1 is yielding at 5.42% on last years dividends (9c). In the current environment that is a very strong yield play and should attract income investors. Not even the banks are close to that level of yield. I agree with the general sentiment if AX1 match or beat last years dividend then this SP will fly past $2, if not then back to $1.40 IMO.
I predict a 4-5c dividend.
AX1 Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
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