My general strategy with this stock is to buy it cheap and sell it at a profit.
I once held it for the long term but just lost money. In fact it was the only stock I lost on in FY14. In recent times I just buy it <30c and look to sell at ~32-33c and wait for the opportunity again.
I spent plenty of time valuing the stock about 2-3 years ago, but just found that the value realisation is incredibly difficult for this company. I see a theoretical valuation north of 45c/sh, but I don't how that will ever be realised in the market. So, I buy it cheap.
if I had retained my initial "hold for long" strategy, I would be seriously underwater on this stock..
I want to be proved wrong on the upside though, while holding of course!
PM m0ngy - he's generally pretty helpful and cheerful - buy him a few beers and he'll sort you out.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $292.1M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 17.5¢ | $218.3K | 1.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 861384 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 130646 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 851384 | 0.175 |
44 | 2463374 | 0.170 |
21 | 1747535 | 0.165 |
31 | 1344458 | 0.160 |
11 | 648276 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 130646 | 2 |
0.185 | 853237 | 11 |
0.190 | 842147 | 11 |
0.195 | 399409 | 3 |
0.200 | 252000 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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