Have seen this pattern on many stocks over the years. The big players seeing value in the price will short the he'll out of it and bait investors into selling out of their position. Looks like target accumulation price is around the 1.4 Mark at the moment and if div is increased and we don't see a second wave of the virus through Aus, Will be paying around 10% p.a. and valuation of $2 will be fair value (div paying ~5-6% full franked).
Stock worth holding onto despite no immediate movements on substantial news dropped last week!
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Last
$1.50 |
Change
0.000(0.00%) |
Mkt cap ! $898.7M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.50 | $1.48 | $1.720M | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 65772 | 9 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| AX1 (ASX) Chart |