The share price is not going up in any meaningful way until the share overhang is cleared. It's a simple as that. Morgans has been selling for at least three years now and probably still have a few million shares left out of their Uniquest purchase around $2.70 and on market buys above that.
I rate the stock a buy but lots more patience will be required before any significant sustainable re-rate occurs.
EMvision Research Notes, page-2578
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Last
$2.10 |
Change
0.040(1.94%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.13 | $2.05 | $61.56K | 29.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5407 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.13 | 294 | 2 |
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| Last trade - 10.29am 09/10/2024 (20 minute delay) ? |
| EMV (ASX) Chart |