I don't agree there is a rort. In my onion the approval of drugs is clearly not certain and years away. Daybue long term earnings not yet proven as well. I regularly listen to Aus Biz the call. The guests on the call often talk about looking at a company's profitability over 5 years before investing. NEU's long term profitability is not yet proven. That, in addition to the fact that the whole market volunes are down in the moment explains low volumes and subsequently subdued share price. In my opinion.
Stop the Rort (revisited), page-2
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Last
$14.40 |
Change
1.130(8.52%) |
Mkt cap ! $1.840B | |||
| Open | High | Low | Value | Volume |
| $13.80 | $14.45 | $13.53 | $15.04M | 1.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 871 | $14.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.42 | 3650 | 3 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |