RE: La Diva SP - HMS Deep Dive14 Jun 2024 15:37
Divi day normally sees a good rise. Sentiment seems to be low ATM due to a few factors. I think the issue is that the next divi news isn't likely to be great, we're coming up to the dry season in a few months, overspend on works, oil price under pressure and the excessive share awards. Balance that against increasing production, more sales routes and I can see the reason for a slight drop. It does seem to have been overdone, but if confidence is low sometimes you get an overcorrection leading to an incredible value buy.
Technically it does look good value right now IMO. GLA