Been a holder for over 12 month which has resulted in a fortunate position of low average cost.
However the stock appears expensive and it looks like it could weaken without an interim announcement of some quality like an acquisition. The stock characterised in past with few updates outside of conventional quarterly or half year reports.
would like to accumulate further but it is trading on a high PE north of 170. Whilst such high PE’s apply to other tech movers they tend to have more revenue & profits on the board.
Love the space and dominant market position but instinct (right or wrong) makes me think sub $20 is not far off. The market will let me know.
The last report set us up for lower expectations but that could be doing a Macquarie and then they over deliver
Been a holder for over 12 month which has resulted in a...
Add AD8 (ASX) to my watchlist
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Last
$16.07 |
Change
0.070(0.44%) |
Mkt cap ! $1.335B | |||
| Open | High | Low | Value | Volume |
| $16.01 | $16.24 | $15.84 | $3.539M | 220.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1255 | $16.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.10 | 2383 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$16.06 |
Change
0.070 ( 0.19 %) |
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| Open | High | Low | Volume | ||
| $16.01 | $16.23 | $15.84 | 28272 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| AD8 (ASX) Chart |