Hmmm...surprised to see this one has barely moved since the announcement from the company...
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Wow, big volume through today almost 1.5ml share traded so far and not much movement in sp, anyone has more insight on this??
Looks like it is Salt Funds.
https://www.nzx.com/companies/SCL/announcements/259769
Sure enough, looks like sp has got some momentum building into it now..
Another SSH notice, this from Westpac....looking very attractive now...
I own a few of these.
I bought on the assumptions that:
the fundamentals look OK;
The P/E is attractive;
The downtrend is about to break;
The wedgie (or whatever the really technical people call it) is about to break to the upside;
But mostly I needed a 'fix' after a few weeks of cold turkey.
Best Wishes
Paper Tiger