You were only 4 minutes off balance - not bad. sinking like a lead balloon
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Somebody going all out.....there is a bid in for 1 share at $0.60.....:cool:
Put my money where my mouth is and increased my holdings by 50%, at $3.51.
Totally prepared for the “told you so” if I’m wrong on this, but for the moment I see this as an excellent bargain price.
Hopefully this isn’t a case of “Everyday Low Price” rather than “New Years Sale!”
It will only be a case if the drain keeps going on P&L. IT Capx should be capitalised. Its the next QTR reports on the bottom line that will tell. If MR B is right then NPAT will continue to come under pressure.
It appears there is not the a HUGE dump today with only 200 G dumped .
If it pops back to 3.70 then your in the money and we think it now more a trade and then investment.
But then think all retail is a trade.
Be very interesting to see what the DIV will be.. it will be down but by how much is the question.
DISC: we try not too.