That explains share price performance. I was wondering since my initial buy at $1.90...and I thought I had a good entry... They claim business is back and volumes grow again as Chinese restock while the price of pulp remains suppressed. I guess it may be a good time to add to this company at these low levels, as this should be the strategy for every cyclical stock. I don't thing that their business is easily substituted/replaced and afaik this is the only timber/pulp play on ASX after KPT went belly up by the latest bushfires. It isn't the first (or the last) time I fall into a value trap, so well...life goes on.
Ann: Investor Presentation, page-5
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Last
72.5¢ |
Change
0.025(3.57%) |
Mkt cap ! $63.31M | |||
| Open | High | Low | Value | Volume |
| 72.5¢ | 72.5¢ | 72.5¢ | $1.341K | 1.849K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4040 | 69.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 13986 | 1 |
View Market Depth
| Last trade - 13.32pm 12/07/2024 (20 minute delay) ? |
| MWY (ASX) Chart |