Are there any bear cases out there, or at least reservations about ASH? I'm wondering why this hasn't picked up all that much recently and I'm mulling buying some more. All I can come up with is:
- State governments (especially VIC) may reach their limits on spending due to COVID, and not have as much to spend on infrastructure into the future.
- Immigration stopped, which reduces (not stops) the rate of population growth, reducing the need for infrastructure projects and apartment buildings into the future.. though VIC & NSW still has a big infrastructure backlog.
- Reduced immigration would also reduce training demand I suspect.
- Reduced immigration means less cheap labour from overseas. May be countered in VIC / NSW by increased unemployment rates due to COVID.
Ann: Acquisition of National Rail Training provider, page-7
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Last
18.0¢ |
Change
-0.015(7.69%) |
Mkt cap ! $25.91M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 17.5¢ | $109.0K | 604.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 205709 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 103613 | 3 |
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| Last trade - 15.52pm 30/08/2024 (20 minute delay) ? |
| ASH (ASX) Chart |