Post GFC I was told by a broker at JP Morgan not to buy ASX Ltd because Chi-X was a big threat.
I bought some anyway at $35 and sold a couple of years ago.
I have been watching ASX trade and I wonder what they are really worth now?
Brokers currently range $53.50 (Morgan Stanley) to $64.50 (Macquarie)
At a current price of $54.90, PE is 33.50, it still looks expensive
At a PE of 25-30 the price would be $41-$49
The longterm trend line (since listing) should the price hit the line, is approx. around the $50 mark.
I don't know anything about current management, but their shareholdings seem insubstantial for a $10,600,000,000 company
Are their any major competitive threats facing ASX?
Does anyone have an idea of what ASX is worth?
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$66.80 |
Change
0.840(1.27%) |
Mkt cap ! $12.95B |
Open | High | Low | Value | Volume |
$66.15 | $66.87 | $65.63 | $23.98M | 360.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8 | $66.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$66.85 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 66.740 |
1 | 8 | 66.730 |
1 | 8 | 66.710 |
1 | 335 | 66.650 |
1 | 8 | 66.640 |
Price($) | Vol. | No. |
---|---|---|
66.850 | 500 | 1 |
66.890 | 421 | 2 |
66.970 | 100 | 1 |
66.980 | 1535 | 2 |
66.990 | 10 | 1 |
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