One issue with AQZ and similar small caps is that there are only 100 million shares on the market. Between Qantas (now holding 20%); and the others in top 20 they hold 92% of these. Not much left for others and also means the price is subject to large fluctuations if any single holder needs cash or wants to take profits. On Jan 14 I topped up at $2.17 which I thought was a bargain. Those that don't trust the fundamentals panic and sell while those in for the long term push that 92% up further.
It will definitely hit $3 if FY is as good as recent results and holders don't sell cheaply. In the mean time I'm happy to sit on a tidy profit and hope the price doesn't increase too much until after I get my DRP allocation...
Ann: AQZ Half Year Results Presentation, page-5
Add AQZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.04 |
Change
-0.110(3.49%) |
Mkt cap ! $488.6M | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.04 | $4.354M | 1.382M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 996 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| AQZ (ASX) Chart |