As a new investor I hope so! But not convinced yet. There were a few thousand dollar trades in the mid-60's - good but thin volume. A few directors doing on and off-market trades in recent times is also a good sign. There's an incredible amount of bot trading on this illiquid stock so prices are hard to read at times.
We'll have to wait for the reports/dividend declaration for a true indication where this stock is at. I'm hoping it has been oversold a little and will rebound to the mid $1.80's once we see figures. But MelbourneIT continue to lose some market share in domain names. I suspect this is mainly the smaller business end who are trying to save on costs because there are cheaper options, particularly if you only need a domain registered and dont want a complete hosting service. There might still be fallout from the WebCentral debacle - 2+ days web downtime is unacceptable in this day and age and hurt their credibility as a premium hosting service. Anyway have to wait and see. I think there are positives for the future; they have solid core business/enterprise customers and they continue to grow and diversify from being solely a domain name manager, thus my investment decision.
- Forums
- ASX - By Stock
- 5GN
- bounced off its low?
bounced off its low?, page-2
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.74M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 14.0¢ | $14.17K | 101.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3040902 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 755612 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3040902 | 0.140 |
12 | 751935 | 0.135 |
3 | 506025 | 0.130 |
1 | 250000 | 0.125 |
2 | 18189 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 755612 | 10 |
0.150 | 1727161 | 23 |
0.155 | 1987715 | 21 |
0.160 | 657327 | 10 |
0.165 | 147700 | 4 |
Last trade - 15.33pm 17/09/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |