I used BOL as an example of an SP with NTA far higher than mkt cap. BOL went bust (well alost) coz it couldn't service its debt. ASL hasn't breeched covenants and it appears safe for the time being. But SP will still remain weak IMO. A lot depends on outlook re the macro. Be interesting to compare ASL's update with that of FGE. Latter due tomorrow. In both stks SP started falling in week prior to the trading halt, although graph is steeper in ASL's case. Back of envelope: ASL at 75c and 40m profit=PE of about 8.
Ann: Update on Operating Performance , page-25
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Last
$1.17 |
Change
0.015(1.30%) |
Mkt cap ! $1.103B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.18 | $1.15 | $2.220M | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14378 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 20454 | 2 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PRN (ASX) Chart |