Its such a strange phenomena. The experts always say, "Buy when the market hates it" or "Be greedy when everyone is cautious".
The financials of this company are "relatively" good.
NPAT up ~300%+ since 2021, up 200% from the pre covid levels.
Share price is down over 50% from 2021 highs of ~$39.
The PE ratio averaged above 50 for the last 7 or so years. The market is certainly pricing in a huge drop in earnings, but I feel this might be one of the stocks that has quite a bounce if revenues/profits dont drop as much as expected.
NPAT for 1H24 is $97.4m, so in the 2H they only need to do $50m to match 2023's numbers. If they even saw, say, a 30% reduction in from 1H numbers, that would still see $60m, and therefore see even a small increase on FY23 numbers.
This might easily see a short squeeze of some sort. Look at the reaction from the 1H23 report, even though it did give back those gains within a week or so.
This really is a tricky one. Might just have to buy small parcels and average up or down until the next result confirms the numbers.
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Last
$15.45 |
Change
-0.055(0.35%) |
Mkt cap ! $4.300B |
Open | High | Low | Value | Volume |
$15.40 | $15.52 | $15.31 | $6.647M | 430.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 896 | $15.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.46 | 2916 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 628 | 15.430 |
7 | 385 | 15.420 |
7 | 1503 | 15.410 |
4 | 321 | 15.400 |
9 | 1389 | 15.390 |
Price($) | Vol. | No. |
---|---|---|
15.460 | 3860 | 36 |
15.470 | 560 | 6 |
15.480 | 587 | 7 |
15.490 | 1634 | 7 |
15.500 | 457 | 6 |
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