Once again it hits the 70's then its ass falls out. Unfortunately bored investors will continue to sell and mm's will drop the price back down.
I would have liked to see more of a statement of intent from the BoD rather than preaching the cross-selling, which although an obvious advantage, seems a touch short-sighted when there seems to be a lack of a growth plan for the medium/long term.
...like the company; unsure about management after Maria; unsure about how much more competitive market is getting (and hence margin compression..why can they not source funds cheaper than 5%..so concerns about credit quality of their book/management)
..and for past couple of years 70-75p ha been tough tough ceiling
..cont to hold free carry of 8k (doubled to 16k pre results and flipped for measly 5-7% two day gain)
Happy with todays results, it falls in line with the last few years. The share keeps going from strength to strength but still it feels ignored by the vast majority of investors! I wish I had the balls to sell out but I can see me holding for the foreseeable future. Not long until the dividend is paid anyway so may as well hang around for that.
I agree, this is a well run company and the latest results are testament to that, however I can't help but feeling a bit underwhelmed with the undervalued SP progress. Hopefully with the 2 acquisitions now settled the group can kick on and expand.
Happy to be patient though, as this is one of those typical stocks that will start rising as soon as one sells!
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