This is getting silly. However, we saw this last time. Valuation methodologies were thrown out the window.... as too was common sense.
It is clear there is a fair way to go until we hit total capitulation. It will drop to the point of being ridiculously cheap. And, all the way down, value investors will be questioning: "is there something wrong with this stock that I don't know about?"
Our only hope is this week's quarterly report. If Dale can deliver a surprise result then we should see a sizeable bounce. However, if the result is as expected, we are on the long ride down.
Dale, over to you and the management team to pull a rabbit out of your hats!!
PLS chart, page-19094
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |