true value has nothing to do with current market sentiment.
Market sentiment will shift and it won't always be rational.
perhaps with the overall negative market sentiment people are more risk adverse, perhaps they've had a significant reduction in their portfolio and aren't in a position to buy up. Perhaps there's other shares likely to rebound quicker which would work their money harder at this stage than SCG?
no one is saying this is a 100% winner but it is undervalued and the aim of the game is to buy low sell high isn't it?
nothing is guaranteed but even if the SP takes a further hit (which you could very well be on the money) I think long term it will go back to pre-Covid levels.
Anyway all good discussion, look forward to see how this all plays out.
DYOR GLTA
SCG Trading Under Bare Land Value, page-12
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Last
$3.27 |
Change
0.060(1.87%) |
Mkt cap ! $16.98B | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.30 | $3.24 | $24.75M | 7.572M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 159286 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.27 | 3651 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SCG (ASX) Chart |