OZL oz minerals limited

why is ozl falling, page-8

  1. asf
    9,887 Posts.
    Former holder here :)

    Share price falling could have a bit to do with these factors, imo:

    * OZL just had a dividend of 4c paid out and is now ex-dividend, so there's 4c gone.
    * The All Ords are down by about 100 points or 2% since OZL was at one of its high points- OZL tends to run with the Ords- there's another few % gone
    * Some sentiment change re the structural changes OZL has made. The capital return and dividend were a good thing, I think. Not many complain about getting money given to them by a company, and every man and his dog were begging for it before it got provided. The consolidation, well... things might get "back to normal" with trading post-consolidation (if it happens). Until then, the average punter (me, for example) find the numbers associated with consolidation a bit complex. Maybe the market is waiting for that.

    moorook, CSR have just done a consolidation, too, and they're no penny dreadful. It will be good to see where they land post-consolidation. I try to use other shares as a possible outcome for my own- or for ones that I watch.

    The market hasn't been so great in general recently. We need one of those +60 point days- we haven't had one for ages.
 
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