Skl

[Jim]

I noticed that the share price is falling on above average volume. Can anyone know what is behind the scene ? PE and yield is quite attractive very tempting to make a small purchase.

[Chaowee88]

I noticed that the share price is falling on above average volume. Can anyone know what is behind the scene ? PE and yield is quite attractive very tempting to make a small purchase.

I have a small holding purchased recently at 150. Amp has been selling big and David Mair and nz super been picking up the scraps.

The P/E looks good because of the one off insurance payment. Stripping this out P/E is about 12. The dividend yield is not too bad either. I think SKL is a steady long term player however I probably paid a bit too much at 150. 140 would be a good entry point.

[bunter]

Recent SSH notices - AMP selling heavily over the past 6 months.
Cushing forecast growth of approx 0-15%. Falling ex rate might help.
It's on my 'to buy list' too, if it ever gets out of the present downtrend.

[Chaowee88]

Recent SSH notices - AMP selling heavily over the past 6 months.
Cushing forecast growth of approx 0-15%. Falling ex rate might help.
It's on my 'to buy list' too, if it ever gets out of the present downtrend.

15% probably too optimistic, 5% revenue growth will do nicely which should translate to 5 - 6% profit as skl now is Net cash positive with no debt. I probably will pick up some more if it dives a bit further.