I have a strong appreciation for this business and am very keen to add here; the question is when? Seeing what is happening in the US, where the markets are on the brink of a full blown bear market, valuations start to go out the window. Why? Fear and continuity. Fear of losing gains/taking further losses on deck, and/or selling to have more cash on hand to supplement the cost of groceries/mortgage repayments. ALL has a PE ratio of approximately 20, which is not great but not bad either. In a market like this, it wouldn't be unreasonable to rule out a move down to below 15. My two cents.
I would like to see $23-25, which would line up with the 100 month moving average, but who knows.
Ann: Update - Notification of buy-back - ALL, page-4
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Last
$52.59 |
Change
0.040(0.08%) |
Mkt cap ! $33.18B | |||
| Open | High | Low | Value | Volume |
| $52.90 | $53.00 | $52.31 | $40.41M | 767.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9748 | $52.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.69 | 64 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ALL (ASX) Chart |