Something to consider...
POO under $60 heading for $55 imo
ROC should decline to around 64c in Monday's trade.
You saw for your self last week it went to as low as 61.5c on the back of the lower POO and it has potential to retrace to this level and go further down.
Friday was the day to get out while you could for short term holders.
Its capital raising very much was not in the shareholders interest.
IMO price target of around 55c.
Of course there are positives for ROC.
As soon as POO goes up so to would ROC and the rest of the market.
Also takeover speculation which shot it up.
Earnings season would be not as good as predicted so expect a overall July retrace.
Bringing things back to reality, you can't expect shares to go up forever.
spp price, page-5
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $10.01M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $2.804K | 28.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 26592 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ROC (ASX) Chart |