I can feel capitulation surrounding this situation.
RMS may even end up bottoming out closer to 50 in an exponential blow out … have a look at the chart.
I also can’t see any sustained recovery until they announce burying of the 3rd hub ambition.
If they need to buy something, it should be something of value (like OBM trading at 15% of replacement value … according to recent ASX strategy/valuation presentation)
rms will recover, page-8
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 (20min delay)
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Last
$1.94 |
Change
0.075(4.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.442M | 3.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13041 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 44693 | 3 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |