Folks - thanks for kind words
I am no technical guru , but it looks to have resumed its uptrend . It's even more encouraging it was off two pieces of positive news .
I think we will see a fair bit of activity by ROC thus year in project additions - given its strong cash and cash flow , the addition of an appraisal/ development project could really cause a rerate ,
As mentioned I put a valuation of 70-75 on Roc so 44.7 which is my entry this time round, so its a big safety margin based on what I think it's true value is. I do however feel that this year could be transformational for ROC as the last two years has seen them move from net debt to net cash of 140m ( inducing RSC cash value ) and with this years even stronger cash flow due to limited capex , they will have the ability to add some serious upside to their valuation .
I have said it many times before , but in the O and G game , targeting stocks with strong upside that present strong down side protection is my ideal and ROC is this kind of stock
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $11.02M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $711 | 6.665K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 178571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.090 |
1 | 50000 | 0.085 |
1 | 12512 | 0.080 |
1 | 15000 | 0.077 |
1 | 17464 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 178571 | 1 |
0.135 | 29500 | 1 |
0.140 | 15595 | 1 |
0.150 | 62500 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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