** market thumbs down ** Even ORG's positive comments about the Perth Basin can't help ARQ today.
Energy stocks are soaring - the index is up 268 points - while ARQ is languishing; steady for the day at $1.63 and near a 12 months low.
I'd hate to think what would be happening if the energy sector had a real shakeout.
May I respectfully suggest that ARQ' s strategy of building up cash and buying cheap assets in a shakeout could fall flat on ARQ's nose - because the cheap asset bought could well be ARQ.
It's about time Management took some active steps like an on market buy back to help improve market sentiment.
Trading on a PE around 7 with after tax profits in excess of $40 million in an energy bull is absolutely ridiculous. Management should realise that and DO SOMETHING to change market sentiment.
** org merger **, page-6
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Last
14.8¢ |
Change
-0.003(1.67%) |
Mkt cap ! $46.44M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.8¢ | $10.24K | 68.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 882170 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1406052 | 14 |
View Market Depth
| Last trade - 12.22pm 30/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |