The share was undervalued for a long time, and the short term players were waiting to see if there is a Dividend. No divi = take the capital gain and run for their investment strategy, so this is a short term route in my view. Perenti is a solid company with good focus and whilst I'm a touch disappointed at the lack of a dividend I can understand their approach to capital management. Investment whilst the books are strong will enable them to push through any bad times in the future. Life goes on.......its a blip.
Ann: FY23 Results Presentation, page-26
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Last
$1.02 |
Change
-0.030(2.87%) |
Mkt cap ! $957.5M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.04 | $1.01 | $3.428M | 3.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 7446 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| PRN (ASX) Chart |