I would say it's most likely INA is caught up in the inflation fears and viewed as exposed to rising rates. Rising rates will bring house prices down and make INA's manufactured homes less attractive by comparison, while their costs will increase.
INA's valuation already looked stretched so I suspect we are in one of the correction/holding patterns we've seen several of over recent years.
In the meantime it's worth maintaining a healthy scepticism on posts like this that try to stoke fear on a stock in a downtrend. If you look at the posts this poster has made you will see very similar posts made on WPL and STO, among others, made at a time the shares were under pressure.
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I would say it's most likely INA is caught up in the inflation...
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Last
$4.78 |
Change
-0.010(0.21%) |
Mkt cap ! $1.948B |
Open | High | Low | Value | Volume |
$4.88 | $4.89 | $4.76 | $4.112M | 858.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 18692 | $4.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.79 | 444 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 444 | 4.760 |
1 | 444 | 4.750 |
1 | 444 | 4.740 |
1 | 444 | 4.730 |
1 | 444 | 4.720 |
Price($) | Vol. | No. |
---|---|---|
4.790 | 444 | 1 |
4.800 | 444 | 1 |
4.810 | 444 | 1 |
4.820 | 444 | 1 |
4.830 | 444 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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INA (ASX) Chart |
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