The parameter in dispute is sustainable earnings when you have a melting iceberg of FUM.
Maybe the present price of $1.2 is reasonable, what the market says to day is a certain thing - they're saying that earnings and FUM will decline.
If you want to trade it for a bounce to $1.7 and the next announcement is a $1bn divestment then you are a bit stuffed because it could go to 80c for all I know.
I'm not anyone's fiduciary, the volatility is so extreme with this stock and it's combined with serious business risk that most light-weight "investors" or "traders" should take Bell Potter's advice and sell - I don't care really if I am wrong and it goes to $0 then I take my licks and move on it's mostly pride to me a few hundred k isn't a big deal.
And it's good for me to take a few losses now and them so that I don't get too arrogant.
Broker Ratings, page-9
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Last
$1.23 |
Change
0.020(1.65%) |
Mkt cap ! $716.0M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.24 | $1.20 | $2.658M | 2.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16356 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 22166 | 5 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PTM (ASX) Chart |