As I have posted a number of times before, once this stock gets in favour with the market it can be sharply rerated because it is trading on a low PE, has strong cashlow and no debts.
I was incorrect with price estimates I made in 2004/early 2005 because I never expected ARQ with an after tax profit of $40 million for 2004-2005 to be trading on a PE below 7 in an energy bull market!!
Sometimes the market is PLAIN STUPID.
To add to the market's stupidity we then see numerous posts here telling us why ARQ is poor value at $1.50/$1.60.
Actually its a good counter indicator.
As I have also posted before, I saw BPT as a standout buy when it was trading around 30 cents in the middle of 2004 - cashed up on a low PE. Here we had numerous posters telling us all negative stuff about BPT, just like they have about ARQ - you know the old story - running out of reserves etc. etc.
That's why we have winners and losers. Winners can pick undervalued stocks. Losers sell out of them or are unable to see/understand the value.
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $44.26M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.5¢ | $92.68K | 639.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 425232 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 1966212 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 425232 | 0.145 |
11 | 3717984 | 0.140 |
10 | 644132 | 0.135 |
3 | 520699 | 0.130 |
1 | 250000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 1966212 | 38 |
0.155 | 1634272 | 15 |
0.160 | 351210 | 7 |
0.165 | 138700 | 3 |
0.170 | 25000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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5GN (ASX) Chart |