investor007 - it is a piece of luck that I did close out at the lows. I was expecting a dead cat rebound - but not quite so pronounced a bounceback. I'm still working out whether another short stint is in order or not for me. I am willing to live with the risk of a further rebound if it genuinely is at about 14 - 15 times forecast earnings with a stock overhang. My gut feeling says that they should be on a reduced PE. Have not had time to check my numbers properly, and have had another few longs and shorts that I have applied myself to as a distraction from GNC.
I agree with what you are saying overall - but not feeling confident that competition will diminish for GNC, or that they will be able to maintain margins (averaged over a ten year cycle). They will rely on the ag situation volatility IMO. I also feel that the asset values are out of touch with the returns acheived on the GNC side, and should be written down eventually.
So I am still very negative at present at 5.76. Another factor the other way was that there was a hump in the SP before the announcement that suggested somebody was interested in mopping some GNC up. Wonder if the Ann changed that
cheers
MM
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Last
$9.18 |
Change
0.000(0.00%) |
Mkt cap ! $2.059B |
Open | High | Low | Value | Volume |
$9.19 | $9.21 | $9.12 | $3.846M | 419.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1871 | $9.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.20 | 3792 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1871 | 9.160 |
2 | 5861 | 9.150 |
2 | 3674 | 9.140 |
1 | 2021 | 9.130 |
1 | 2021 | 9.120 |
Price($) | Vol. | No. |
---|---|---|
9.200 | 3792 | 1 |
9.220 | 2021 | 1 |
9.230 | 3892 | 3 |
9.240 | 6648 | 4 |
9.250 | 2021 | 1 |
Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
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GNC (ASX) Chart |