You seem to be implying that the market has underpriced Ash, especially on the positive macro narrative that you paint. Ash as a low PE, high yield stock, is much in line with it's recent historical ratios for both these measures. Arguably it has a more difficult grow path than the previous five years. I don't see the catalyst for a re-rate on the share price. I'm happily holding for the dividend but no intentions to top up.
What's driving SP direction?, page-46
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Last
25.0¢ |
Change
-0.020(7.41%) |
Mkt cap ! $35.99M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 25.0¢ | 23.5¢ | $28.40K | 118.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3114 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ASH (ASX) Chart |