This one became a long game (too long for most) late last year when management announced that they would not hit the end of 2018 time line for completing the strategic partner process headed up by KPMG.
That announcement was very transparent in communicating the fact that things were going to take a while longer than previously hoped.
I sold half my holding at that time, and have had the cue in the rack ever since. Current price of 44c seems like a good buy, but I’m not certain if high 30’s will present.
Either way I still think this is a good high reward (high risk) play to have as a small part of my overall portfolio.
ARL chart, page-1087
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Last
48.0¢ |
Change
0.025(5.49%) |
Mkt cap ! $94.84M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 50.0¢ | 45.5¢ | $63.33K | 129.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3214 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 16000 | 1 |
View Market Depth
| Last trade - 15.46pm 22/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |