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does BKI need to grow any bigger ( than natural organic growth , sensibly investing the cash reserves when opportunities arrive )
Been looking at it; any 'premium' that the SOL magic could create seems to have been stripped away, and it probably looks like MLT valuation @ NTA, nowadays. I'm sure they will be keen to maintain their record as "the only company in the All Ordinaries Index to have increased its dividend every year since 2000 "so that should underpin it.Surely SOL is in oversold territory at close to $25.
I want to top up, but the chart is still ugly and times very uncertain.
I echo your sentiment on the chart and times. I hadn't noticed how poorly its chart was faring.I want to top up, but the chart is still ugly and times very uncertain.
some of the new ( ex-MLT ) holders looking for the exit ??I echo your sentiment on the chart and times. I hadn't noticed how poorly its chart was faring.
Looks like its H1 report is a month away going by last year. Maybe it will start to lift in anticipation of that but meanwhile no sign of monthly chart improvement I can see.
It's one I have thought of buying when I get more conservative although I feel more interest in BWK because of its organic land development segment and association with GMG.
Monthly
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Thanks @Ferret .Surely SOL is in oversold territory at close to $25.
I want to top up, but the chart is still ugly and times very uncertain.
Thanks @Ferret .
SOL has been for me over recent years a "Held but sold too soon" stock so I have always glossed over it on this forum and in financial media.
My hindbrain animalistic self must admit to smelling a meaty entrance, but the skin has been barely pierced.
The chart is in a proper downtrend, unusual for the Milners'.
So roll on a proper correction.
gg
I'd change that to 'Millner magic' but, in reality, we now have an investment house, an ersatz LIC and 'nil premium' at that; previously there was more leverage and harder-to-value assets (2) and debt(?). I'm not sure why it was bid up so high, earlier, and well done to those that bailed at a higher price.any 'premium' that the SOL magic could create seems to have been stripped away, and it probably looks like MLT valuation @ NTA, nowadays.
I quite like a dividend declared in late March, ex-dividend in late April and paid mid May . Locked in and loaded. And paid out of cycle to other companies. Mid May I'll be receiving $xxxx.xx. Comforting.SOL Reported this morning.
Only important aspect from my perspective is the increase in the dividend which is payable on 13 May. Irritating the company delays payment of it for close on two months.
“Ampcontrol is uniquely positioned to capitalise on the significant investment in resources, infrastructure and energy solutions, as the world transitions to a lower carbon economy. Ampcontrol is a high-quality platform upon which we can continue to invest and grow a world-class business, taking advantage of strong industry tailwinds and their talented people, technology, and engineering excellence.”
“The acquisition marks a remarkable new era for the Australian manufacturing business and the next chapter in its growth story. The increased ownership of WHSP will provide us with the stability and resources to take advantage of the organic and inorganic growth opportunities that the decarbonisation thematic presents.”
So what exactly can SOL add to AMPcontrol to add value?SOL has completed the acquisition of 100% of Ampcontrol, Australia’s largest privately owned electrical engineering company. WHSP has held a major shareholding in Ampcontrol since investing in the company in 2005 and has now acquired the remaining shareholdings.
The acquisition comes as Ampcontrol accelerates its strategy to be at the forefront of developing and supplying advanced technology as well as innovative products and services that enable a competitive advantage in a net-zero carbon environment. This was evidenced recently when Ampcontrol and its technology partner Tritium were announced as a winner in the Global “Charge on Innovation Challenge” launched by BHP , Rio Tinto and Vale to accelerate the commercialisation of effective solutions for charging large electric haul trucks.
Commenting on the transaction, Todd Barlow, Managing Director of WHSP said:
Ampcontrol Managing Director & CEO, Rod Henderson, said:
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