I think the problem we now face is a solid overshoot on interest rates and a significant cut by probably mid next year.
Effective Date Change% points Cash rate target% Related Documents 7 Dec 2022 +0.25 3.10 Statement 2 Nov 2022 +0.25 2.85 StatementMinutes 5 Oct 2022 +0.25 2.60 StatementMinutes 7 Sep 2022 +0.50 2.35 StatementMinutes 3 Aug 2022 +0.50 1.85 StatementMinutes 6 Jul 2022 +0.50 1.35 StatementMinutes 8 Jun 2022 +0.50 0.85 StatementMinutes 4 May 2022 +0.25 0.35 StatementMinutes
3% in about 6 months
on a $500,000 home thats $15,000 p.a taken off them via increased interest payments.
No need to justify INRs potential I am fully aware of it mate. The issue is, in horrid markets, the go to is earnings not future earnings.
Would hope for some bounce back from 48c back to 53/52 but may have a hard time cracking above without an announcement. Not a day trader but I read somewhere when a support is broken (53c) it becomes a resistance. Am hoping for a leg up (or two) over the holiday period but guess this will depend on what news is delivered and when or possibly IF.
The DoE is a government department so we are relying on government and then Ioneer have said "expected" or "should be completed by". Might not get any news until early 2023
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Mkt cap ! $373.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 22226 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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15.0¢ | 25000 | 1 |
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No. | Vol. | Price($) |
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5 | 27133 | 0.165 |
4 | 120648 | 0.160 |
6 | 508380 | 0.155 |
3 | 150000 | 0.150 |
6 | 95798 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 65000 | 2 |
0.155 | 80583 | 2 |
0.160 | 120909 | 6 |
0.165 | 200000 | 2 |
0.170 | 20444 | 1 |
Last trade - 09.57am 04/09/2024 (20 minute delay) ? |
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