The research I've been doing suggests there is numerous companies which are well and truly overvalued on the ASX atm.A lot of these directors and management teams have been sitting in the doldrums for years, now all of a sudden they're on 150k a year releasing fluff announcements about 'green energy' or 'excellent drill results'. I figure it's mostly retail investment fuelled by social media articles.
In 12 months time once Australia has to start living with covid, and a lot of timelines start being missed as well as money starting to run lower I think there will be a bit of a crunch and the market might level out. (just a guess)As for BPT, I was out at 1.20 but I am considering retaking a smaller position.The gas shortage is unavoidable.
Dyor n all that
THE ONLY WAY IS UP., page-145
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Last
$1.54 |
Change
-0.005(0.32%) |
Mkt cap ! $3.513B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.54 | $6.973M | 4.508M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23310 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 6252 | 2 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |