I don't joke about things this serious mate.
Any share that is losing the holder capital and not replacing that loss with divies with a shrinking window of opportunity to turn the tide and recoup those losses in a timely manner ought not be for anyone.
I have bought back in purely as a speculative punt that the buy back will drive the SP above my entry price. As with all risk I have an exit strategy with a stop loss set. The stop loss allows time for a recovery.
Gotta admit my cunning plan is so far a failure.
Forget the reefies the Kingfish have moved in.Lol
divs will fall if sales decline too much ... too much debt to be otherwise
Another 5 cent dividend tax free (loss) for those that sold yesterday..... and probably another one tomorrow. The knife keeps falling. I would be selling.... In saying I’m not a shareholder so DYOR
Pretty depressing that AHG ....even the chart looks the same
Huge mountain of debt to support (one of the main reasons for the almost 50% decline in profit)
Seems a bigger impending train wreck than Turners.
Talking of impending train wrecks this was a close call in Sydney ......don’t pump the brakes too often when train going downhill
https://www.smh.com.au/national/nsw/...05-p50kba.html
Sure - hype can do anything to a share and it is clearly extreme fear time. Probably some stop losses around 240 firing as well.
Having said that ... quite high volume today and the tide might well be turning. Might well be capitulation time. Not a good move to be the last seller before the tide turns (been there, done that).
Actually - might be a good time for the share buy back, at least they can buy today a reasonable amount.