Once people realize that Amazon wont impact all businesses as much as they all think it will, RCG and others in the retail space will go up in share price.
Look at RCG's report, business going well, profits increase as is there online business... So the current share price does not represent the true value of the company, which should be around the $1 level based on PE's of similar companies in the sector.
Big dip this morning, page-14
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Last
$1.97 |
Change
-0.015(0.76%) |
Mkt cap ! $1.106B | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.00 | $1.97 | $1.819M | 917.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 23529 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 9850 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |