Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James & Team XRO has fallen to $173.81 this morning - below the SPP Price of $176. If you still held XRO would you be participating in the SPP? Would you go ahead and purchase the shares now ($2 below the SPP price?) or do you think the share price could continue to fall? regards Debbie
Hi Debbie,
We were fortunate enough to exit XRO at $193.50, which had an element of luck to it – we did not know they were going to make a large acquisition and raise capital. We like XRO and think the acquisition is a good one, just a high price paid and a lot of new shares being issued as a consequence which can provide overhang to a stock for a while – the same happened with Goodman (GMG). We are looking to re-enter into weakness but are in no hurry just yet, our ideal area to start accumulating is in the $165-170 area.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
