Munch,
I agree with you and note that the MD, Des Randall is also copping a hammering for his autocratic management style and unnecessarily talking up ALL's prospects.
The result is that ALL is very much in the dog-house and ALL is now cheap.
Once the dust settles ALL will rebound to well over $2/share.
ALL is now trading on a P/E of just 10 and I think that this 'kick in the guts' will ultimately be good for ALL.
I think that ALL will recover to be close to $3/share over the next few months and that makes the ALLIMF a big buy.
vol slowed right down !, page-11
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Last
$55.26 |
Change
0.600(1.10%) |
Mkt cap ! $34.83B | |||
| Open | High | Low | Value | Volume |
| $55.10 | $55.45 | $54.54 | $46.97M | 850.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2645 | $55.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $55.45 | 10 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| ALL (ASX) Chart |