If the market undervalues companies, then I presume it overvalues them as well. $1.35 seemed to be the "right" price when it was market value of $1.52. The massive downturn is the other side of the coin. Fear and panic are driving this one. We should see a return to equilibrium of $1.35 in the near future. Then its up to management to continue to deliver the results.
Question then is: are management still as committed now that they have carved a huge personal value out of the business?
susceptible to takeover, page-7
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Last
$14.76 |
Change
0.110(0.75%) |
Mkt cap ! $16.96B | |||
| Open | High | Low | Value | Volume |
| $14.80 | $14.86 | $14.65 | $13.35M | 905.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 14275 | $14.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.78 | 4515 | 20 |
View Market Depth
| Last trade - 13.07pm 10/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |