Is it not possible that ALL will not recover in the short-term and will underperform longer-term? It was a favourite with analysts and investors in the booming sharemarket of the late 1990s and reached around $20 before a split. It was all based on growth. It has however been trending down for several years and the institutions were probably just looking for a reason to dump it. Institutional interest may take a long time to rebuild.
Sure it is a major player but like all stocks its shareprice is not just dependent on p/e ratios - its also dependent on analysts' perceptions/confidence and future earnings expectations. The latter both look shot at the moment.
I think the adage is something like "don't buy a stock that used to be a good performer just because it is now cheap".
Cheers
H
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Last
$57.74 |
Change
-0.210(0.36%) |
Mkt cap ! $36.34B |
Open | High | Low | Value | Volume |
$57.79 | $58.19 | $57.41 | $39.09M | 676.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 140 | $57.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$57.77 | 1507 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 140 | 57.500 |
1 | 120 | 57.440 |
1 | 1881 | 57.420 |
1 | 400 | 57.400 |
2 | 394 | 57.100 |
Price($) | Vol. | No. |
---|---|---|
57.770 | 1507 | 1 |
57.810 | 2028 | 1 |
57.820 | 637 | 1 |
57.860 | 2523 | 1 |
57.910 | 2618 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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ALL (ASX) Chart |