Australia's largest stock trading and investment forum Australia's #1 stock forum

VIT

Click for more information

2.04%

9.6¢ vitura health limited

Ann: Vitaco First Half FY16 Result, page-159

First 159 Last

Share
Profile

Follow
oslo

5,687 Posts.

27/02/16

00:04

Post #: 17131162
Share

Originally posted by simonmj ↑

Brokers are recommending this stock BUT their recommendations are not backed by aggressive institutional buying. There is a famous quote by Keynes: "The market can stay irrational longer than you can stay solvent.”

Like I said before, the fundamental analysis may be good but because of the lack of liquidity in this counter, it is behaving like a small speculative mining stock. The price can be easily be pushed even with small volume. Notice the 5-10% drop for this counter on numerous occasions.

Ask yourself, if the share is such a screaming buy, why aren't the fund managers rushing in. The most plausible conclusion is, the funds have already bought at the IPO and now bailing out at any decent price. Unlike retail investors, most institutions would have bought around $2.10 and they are willing to sell at breakeven or a small loss. And when you have big selling volumes going through, fundamentals are ignored ( at least for the short term).

For every seller, there is a buyer. It is the closing price that determine who has the upper hand. Since the SP closed at its low today, it is clearly the sellers who have the upper hand for now.

Expand

Top 20 hold 79% if it's them selling why now? They had 4 months to do so when the SP was above $2.10.

VIT Price at posting: $1.72 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PFE

Pantera begins drilling of maiden test well at Smackover

There are more pages in this discussion • 23 more messages in this thread...

First 159 Last

Add VIT (ASX) to my watchlist

(20min delay)
Last 9.6¢		Change -0.002(2.04%)		Mkt cap ! $55.28M

Open	High	Low	Value	Volume
9.8¢	9.8¢	9.5¢	$78.13K	816.0K

Buyers (Bids)

No.	Vol.	Price($)
1	94916	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	15000	1

View Market Depth

No.	Vol.	Price($)
1	94916	0.096
1	10894	0.095
3	106797	0.091
4	118305	0.090
1	32000	0.087

Price($)	Vol.	No.
0.099	15000	1
0.100	57307	3
0.105	183000	3
0.110	295356	7
0.115	114000	2

Last trade - 15.23pm 07/11/2024 (20 minute delay)

VIT (ASX) Chart