new lows again today 1.95
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new lows again today 1.95
This is bloody..I don't own any but once bought it at 2.70...bloody hell
Out at $2. Don't like this at all at the moment. Taking the loss on the chin. Maybe will buy in again if there is more clarity but the silence from the govt irks me.
Seems like market starting to factor in now :
1. Cancellation of dividend. According to 2 fund managers quoted in NZ Herald, could be no dividends for a few years at least.
2. Valuation downside down to $1.45.
Be careful, traders as a ratings down grade is almost inevitable. Signal for overseas funds to dump the stock.
Wish I could short the stock.
yea i did my valuation 75c - 1.05 with no div with a saftey margin built in