I don't hold but considering buying. Surely the best time to buy these stocks that are sensitive to dought are when the sentiment is at its worst regarding rainfall? I think you just have to realise that the stock is risky because of this reason though. It will still come up with a pretty low p/e on what will be extremely depressed earnings next year, so this gives it a chance for being taken over, or if the weather does the right thing a sharp pick up in earnings, expecially considering cotton price outlook has potential too.
The stock requires patience and only should be bought as small % of portfolio given the difficulty of forecasting earnings.
Am also interested in others opinions..
competitors, page-5
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Last
71.5¢ |
Change
-0.015(2.05%) |
Mkt cap ! $146.8M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.5¢ | 71.5¢ | $131.6K | 182.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10479 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 9609 | 1 |
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| Last trade - 15.39pm 02/08/2024 (20 minute delay) ? |
| NAM (ASX) Chart |