The issue is that the overall markets are starting to think that a global recession or at least a US / EU one is quite possibly on the cards. Well the chances are certainly rising that’s for sure.
US 10 year treasuries pulled in nearly 10% on their yield from just over 3% to 2.7% folk are happy to take lower returns for less risk. Inflation has some funny impacts.
EV sales would be affected by any recession as cars are a big discretionary spend. Plenty of EV to buy in Europe so they don’t have quite the pent up demand we have here.
PLS is extremely well placed IMO and buying around the $2.60 - $2.70 area is very good buying long term.
PLS is the baby being thrown out with the bath water IMO.
In regards to the BMX I personally think maybe best that’s the last they announce as an individual. It should form part of the quarterly as I have this horrible feeling the moment it is less than the previous there will be a song and dance about it from some quarters,
IMO
GLTAH
ps : maintain my stance that I would much prefer that gap filled at $2.61 if I’m honest
Good News & Bad News, page-10581
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Last
$2.86 |
Change
-0.005(0.17%) |
Mkt cap ! $8.715B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.90 | $2.80 | $45.33M | 15.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 71 | 390021 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 84327 | 42 |
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| Last trade - 15.34pm 05/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |