Is it not possible that ALL will not recover in the short-term and will underperform longer-term? It was a favourite with analysts and investors in the booming sharemarket of the late 1990s and reached around $20 before a split. It was all based on growth. It has however been trending down for several years and the institutions were probably just looking for a reason to dump it. Institutional interest may take a long time to rebuild.
Sure it is a major player but like all stocks its shareprice is not just dependent on p/e ratios - its also dependent on analysts' perceptions/confidence and future earnings expectations. The latter both look shot at the moment.
I think the adage is something like "don't buy a stock that used to be a good performer just because it is now cheap".
Cheers
H
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Last
$53.99 |
Change
-0.380(0.70%) |
Mkt cap ! $34.06B |
Open | High | Low | Value | Volume |
$54.40 | $54.64 | $53.89 | $16.37M | 301.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 84 | $53.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$54.01 | 225 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15 | 54.040 |
3 | 81 | 54.030 |
3 | 93 | 54.020 |
4 | 131 | 54.010 |
3 | 104 | 54.000 |
Price($) | Vol. | No. |
---|---|---|
54.070 | 166 | 10 |
54.080 | 324 | 12 |
54.090 | 226 | 12 |
54.100 | 348 | 12 |
54.110 | 196 | 8 |
Last trade - 14.22pm 05/09/2024 (20 minute delay) ? |
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ALL (ASX) Chart |