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
- Forums
- ASX - By Stock
- all/ chart
Is it not possible that ALL will not recover in the short-term...
-
- There are more pages in this discussion • 1 more message 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 ALL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$54.30 |
Change
-0.070(0.13%) |
Mkt cap ! $34.23B |
Open | High | Low | Value | Volume |
$54.40 | $54.64 | $54.01 | $9.251M | 170.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 256 | $54.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$54.30 | 40 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 195 | 54.240 |
4 | 111 | 54.230 |
6 | 187 | 54.220 |
2 | 74 | 54.210 |
2 | 76 | 54.200 |
Price($) | Vol. | No. |
---|---|---|
54.260 | 60 | 4 |
54.270 | 56 | 5 |
54.280 | 136 | 4 |
54.290 | 298 | 10 |
54.300 | 163 | 5 |
Last trade - 11.30am 05/09/2024 (20 minute delay) ? |
Featured News
ALL (ASX) Chart |