So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
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(21st-April-2016) AGM announcements out today, interesting that the MD commented on the continuing SP weakness in spite of excellent results, point out that all 4 divisions are operating profitably and have growing revenues, On target for close to 5c in total dividends this year maybe more, over due for a major re-rating IMO.
Wait long enough and you see everything...so they say.
The long awaited re-rating has come over the last 2 days with the SP popping more than 22% on substantial volume, all the sellers taken out, still yielding 7% FF on today's close 75c.
Massive day for me, portfolio up over 3% probably my biggest one day rise..3 stocks moving double figures and another 3 more than 5% .