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Community


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Online Share Trading

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can we gamble on this one

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Frequent Contributor
KWV i see this share is one of your numbers for 2010. Can i have your view why do u like it.
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8 REPLIES 8
Frequent Contributor
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Super Contributor
Hi Cope, they have made a few bad acquisitions in the past, but that was in the prime of the good times where everything that people touched turned out well, then last year at the start of the R..... These bad acquisitions started costing them and so they had start cutting the bad limbs off, but once they have got rid of these then their core business can but money in the bank instead of carrying the bad apples. So it will take a few good results to really jump but long term at these levels is great.
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Super Contributor
If you have the time for this one it will pay off in the long run 5yrs or so. Just look when you are driving around town there is a Supergroup truck on every corner. They are not closing shop. So the right strategy here is not to overload but just take a little each month, use the majority of your cash on other better quality stocks. But that little bit each month will eventually be a Supergroup of cash!
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Frequent Contributor
why do u think this share did not turn like most of the shares turned up in april 2009.
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Super Contributor
They had a lot of debt and parts of the business that was costing them money and it looked uncertain as whether they would get through paying for their sins. This stock will really only move when a few better results come through and when the stock market is really fully priced and people dont know where to put there money anymore.
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Super Contributor
I think it's a keeper. They've just had a rights issue and been through a really bad year. Long-term divs should be insane.
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Super Contributor
What are Allen Grey's long tewrm views on this stock? i know they hold a sizeable % of the stock....
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Super Contributor
I'd guess they're very cranky because they must have lost some money with the drop. The key will be if they hang on, which I'd suspect they will.
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