Cheap is cheap. Yes AWC is cheap. But it can go a lot cheaper. Lets say it falls to 50 cents. That's another 30% from this point. That's why it is best to wait for the stock to settle and start to rise again. This process can take months.
Remember there's always someone out there who knows more than you. Someone is selling a lot of shares. I'd wait to see why that is the case.
The number of shares in this company has nearly doubled over ten years. Hence they are raising project costs through share issue. I'd say that with a weak Aluminium market this trend is set to continue.
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Last
$51.22 |
Change
0.720(1.43%) |
Mkt cap ! $4.043B | |||
| Open | High | Low | Value | Volume |
| $49.25 | $52.00 | $49.25 | $925.7K | 18.06K |
| AAI (ASX) Chart |