RDF redflex holdings limited

where will it be in a year, page-3

  1. 3,702 Posts.
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    If you can afford to buy more RDF then I would not be concerned about being over 20% of the portfolio. Better to have 20% in a long term ,good quality stock that have half of it in some other dog .

    I have over 50% of my portfolio in RDF and have no intention of reducing.

    As to future price, the only thing that is certain is it will be higher, next year it could be $4,$5 or $6 or more. It will really come down to supply and demand for the stock.

    As they announce more contracts and results, more people will get interested in buying , the USA ADR's will generate some demand from the USA, if the price moves high enough the stock will enter the ASX200 generating more demand from indexed related funds, so demand will increase

    On the supply side sellers are getting scarcer, the more shareholders understand about the potential of the stock the less likely it becomes that they will sell. Their are probably several examples here on HC of people who bought the stock with the intent of just taking a quick profit who have subsequently become long term holders. Most institutions which have been buying into the stock will be long term holders thus reducing the supply.
 
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