So am I. It's one of those stocks that tick both TA and FA IMO. One point of interest is I bought in based on what I thought offered value, yet the Value sites llke MyClime, Skaffold, value it around 13cents. I think this I based on averaging past ROE as a guide to future ROE which they have around 5%. Yet ROE based on last half yearly is around 17% from memory. This IMO is likely to increase given managements guidance and prudent acquisitions. Based on ROE of 20% suggest ps value still exists with this stock. It's SP performance in the midst of a fearful market is extraordinary.
Maybe the best shares are those that don't get a lot of posters on Hc. When reading some posts on the popular (read speculative) stocks you realize irrationality abounds.
profit taking, page-7
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Last
$1.90 |
Change
0.075(4.11%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.90 | $1.85 | $2.627K | 1.412K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 575 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 12003 | 3 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MXI (ASX) Chart |