If you extrapolate the share price growth prior to COVID-19 you'd likely get to somewhere above $5. As an investor I factor in the COVID-19 has had a net positive impact on the business that should see the SP well above this extrapolated SP. The impact includes a far greater adoption of the service forced by the pandemic, with many customers likely to become "sticky" and return to shop here well after the pandemic. The impact also includes a capital raising to boost the balance sheet to a much healthier position.
Waiting for it to reach $6.5 may mean you might not get your shares. Provided this stock has so much upside (especially in the medium to long term) I'm happy to buy at these levels.
AIMO of course.
Ann: Chairman and CEO addresses and presentation to AGM, page-104
Add TPW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$11.67 |
Change
0.205(1.79%) |
Mkt cap ! $1.373B | |||
| Open | High | Low | Value | Volume |
| $11.46 | $11.70 | $11.44 | $1.707M | 148.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 270 | $11.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.67 | 8 | 3 |
View Market Depth
| Last trade - 12.53pm 30/08/2024 (20 minute delay) ? |
| TPW (ASX) Chart |