You possibly learnt about concepts such as the efficient market hypothesis or a company being worth the sum of its future discounted cash flows. That works really well until mass psychology prevents large numbers of people from even trying to value a company rationally. After all "everyone knows" that coal is a dying industry with no future and you'd be a fool to put money into a coal miner at any price - and therein lies the opportunity!
Fire and water, page-8
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Last
$5.02 |
Change
0.000(0.00%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $5.05 | $5.09 | $5.00 | $12.79M | 2.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 41979 | $5.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.04 | 32634 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NHC (ASX) Chart |