I think you're right in that share price could drop to around $1.60 but at that price, its an absolute steal. Thats about a $400m marketcap. To put that in perspective, ABB guidance for FY23 is $800-$840m revenue and EBIT of $80-$88m. So looking at a marketcap ebit ratio of 4 to 5. Which is the same as Telstra. Except telstra isnt growing at >50% every year.
That Marketcap would be the same as superloop which is about a third the size of ABB and has organic growth YoY of around 10%. The main growth last year came through acquisitions. It also has a much smaller wholesale and business division.
Market it truly cooked. None of this makes sense. I loaded up hard today and will continue to do so.
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I think you're right in that share price could drop to around...
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Last
$3.72 |
Change
-0.030(0.80%) |
Mkt cap ! $1.102B |
Open | High | Low | Value | Volume |
$3.73 | $3.75 | $3.71 | $444.3K | 119.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 7778 | $3.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.72 | 3558 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 7778 | 3.710 |
15 | 10941 | 3.700 |
12 | 19530 | 3.690 |
13 | 14040 | 3.680 |
7 | 17676 | 3.670 |
Price($) | Vol. | No. |
---|---|---|
3.720 | 4454 | 15 |
3.730 | 9027 | 22 |
3.740 | 12375 | 14 |
3.750 | 25308 | 14 |
3.760 | 8957 | 9 |
Last trade - 13.07pm 18/09/2024 (20 minute delay) ? |
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ABB (ASX) Chart |