its a little concerning to see the institutional investors reducing exposure (both perpetual and goldman sachs heading for the exit having made a nice profit) and this company has had a great run from 4.55 to 6.05 over less than 12mo.
i understand their planned expansion of sydney and brisbane and the oligopoly and increased Chinese / se asian tourism over the last 6 years (100% increase), but im getting the feeling that a p/e of 25 has as much downside risk as upside risk. many brokers are retaining a buy but the buys have been present for a long time and there are a few downgrades to hold and underperform around, so i think its fair to say that these broker recommendations may be downgraded to holds/ underperforms soon.
some brokers have 12mo price targets of 6.50 to 7.00 but i think its fair value now so ill sit on my hands and wait to buy if it drops to better value around 5.50-5.60 to reduce downside risk. i dont mind if i miss out if it never goes that low.
any similar or opposing views around?
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $1.391B |
Open | High | Low | Value | Volume |
48.0¢ | 49.0¢ | 47.0¢ | $4.653M | 9.657M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 419949 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 323424 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 247807 | 0.485 |
11 | 422196 | 0.480 |
8 | 254808 | 0.475 |
26 | 873529 | 0.470 |
20 | 1958401 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 303659 | 11 |
0.495 | 1724307 | 17 |
0.500 | 367543 | 13 |
0.505 | 419993 | 6 |
0.510 | 320810 | 10 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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SGR (ASX) Chart |