First bite at $1.85. Looks like still overvalued given the deteriorating macro conditions for this industry sector. Will top up as necessary as the price descends lower.
It is now down more than 65% down from the 2021 issue price of $2.90. Looks like the float price was ridiculously overvalued. What went wrong?
If the debt is a problem here then they can sell some dealerships to bring it down.
Ann: Trading Update, page-3
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Last
$1.70 |
Change
0.020(1.19%) |
Mkt cap ! $295.4M | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.73 | $1.67 | $160.8K | 94.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4528 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 6498 | 3 |
View Market Depth
| Last trade - 15.15pm 28/06/2024 (20 minute delay) ? |
| PWR (ASX) Chart |