that PE of 100-150 is grossly overstated. The market looks forward no backwards.
That said, tend to agree that the current valuation offers little upside
dyor
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While I can see the force of the backward looking valuation the market is known to price its participants on forward looking metrics.
When a causal observer like myself does that I see a rising demand from SE Asia - spot demand from China - yet to be defined demand from India - significant reduction in domestic competitors - improving financials - reduction transport costs - i.e. lower oil price for ships and trains - reduced machinery costs i.e. lower diesel and petrol costs - stable labour costs - alternative energy supply metrics based upon wind questioned - gas prices and supply volatile -.
Seems overall a good news story going forward all IMO and DYOR - There are more pages in this discussion • 18 more messages in this thread...
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Last
$7.75 |
Change
-0.160(2.02%) |
Mkt cap ! $6.542B |
Open | High | Low | Value | Volume |
$7.85 | $7.88 | $7.72 | $14.14M | 1.817M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 25921 | $7.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.76 | 10283 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 17846 | 7.750 |
20 | 38765 | 7.740 |
23 | 48342 | 7.730 |
13 | 29700 | 7.720 |
13 | 36588 | 7.710 |
Price($) | Vol. | No. |
---|---|---|
7.760 | 21811 | 31 |
7.770 | 39876 | 34 |
7.780 | 32843 | 26 |
7.790 | 41333 | 21 |
7.800 | 106339 | 24 |
Last trade - 12.40pm 24/07/2024 (20 minute delay) ? |
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