Actually, I'll assume "fair price" means you are after a fundamental buy.
Tough one. ALU is probably fairly valued around $21-22 based on the last known NPAT + an expected projected growth % (factoring in NTA and divvy)
23 - 24 is baking in some higher growth (so perhaps a 10% swing to the downside if that does not eventuate)
But you also have to factor in company quality and ALU is second to none in that regard. Also remember a director just bought 100k's worth of shares at $20-$21 or so, so she obviously felt that was very good value.
I would honestly think that any buy around here would be a good one for a 6 month hold.
All IMO IMO IMO of course
ALU Chart, page-40
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Last
$68.33 |
Change
0.050(0.07%) |
Mkt cap ! $9.014B | |||
| Open | High | Low | Value | Volume |
| $68.30 | $68.33 | $68.30 | $366.8M | 5.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 680992 | $68.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $68.34 | 1515 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ALU (ASX) Chart |