Not seeing much confidence from here. Mass panic selling hasn't occurred yet. Looks like smart money have already off loaded their shares after the run up accumulation and there's only one way from here. They must know the outcome of the merger. High probability fail. If that happens, share price will go below $1 easy. For now, it will be fear selling down and down. Best to get out now and preserve capital.
Furthermore, short interest has increased to over 40MILLION shares (~2% of shares on issue) and looks like it will only increase from here (look at the most shorted stocks on the ASX, they go up to 20%+, e.g. PLS). Smart money at play, will make a killing shorting this.
What strikes me most is The company is worth $2BILLION Market Capitalisation Valuation but only made $6MILLION Net Profit After Tax last year. That is an insane multiple. Not only that, the company made $3.3BILLION in REVENUE but only made $6MILLION...
- Forums
- ASX - By Stock
- SIG
- $3.3 Billion in Revenue but only $6 Million Net Profit? This will be one of the most shorted stocks
$3.3 Billion in Revenue but only $6 Million Net Profit? This will be one of the most shorted stocks
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SIG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.25 |
Change
0.000(0.00%) |
Mkt cap ! $2.039B |
Open | High | Low | Value | Volume |
$1.25 | $1.26 | $1.24 | $2.073M | 1.660M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 28536 | $1.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.25 | 37466 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21460 | 1.240 |
2 | 28332 | 1.235 |
1 | 7343 | 1.230 |
2 | 57343 | 1.225 |
7 | 64929 | 1.220 |
Price($) | Vol. | No. |
---|---|---|
1.255 | 5660 | 1 |
1.260 | 19660 | 3 |
1.265 | 16930 | 3 |
1.270 | 11309 | 3 |
1.275 | 15930 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
SIG (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online