Yeah agreed - fear only lasts so long, people eventually get over it and invest in a fallen stock.
This business has fallen 57% in value from early 2013, however Revenue and Profit have not been impacted to that degree.
It's a classic case of being oversold.
It might go lower on the current round of fear, but at $1.40 its a terrific buy for the next 6 to 12 months! You could easily make a 40% return in the next 6 months, and you won't lose much sleep either given that the business is blue chip.
Opinions on future, page-101
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $673.7M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.5¢ | 79.5¢ | $439.2K | 545.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 40393 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 6244 | 3 |
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| Last trade - 14.47pm 17/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |