The implication that low PB demonstrates value is flawed. The other, more obvious, reason for low PB is that there is something fundamentally wrong with the company. PEN's demonstrated destruction of value since start-up at Lance supports the latter reason for low PB.
Good post from JID.
Accumulation Time - Huge Upside Potential, page-13
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Last
9.7¢ |
Change
0.003(2.66%) |
Mkt cap ! $304.3M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.8¢ | 9.1¢ | $1.645M | 17.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 192572 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.7¢ | 897051 | 20 |
View Market Depth
| Last trade - 15.05pm 01/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |