Yep, agree no one can tell. I think there is enough evidence out there though to back up their claim that there have been heavy promotional sales by some players in the industry.
It's a small position for me. If no duties arbitrage and just one bad quarter, huge upside. If duties arbitrage and margins remain low, valuation still looks reasonable on 1x sales.
Battle lines have been drawn.
Yep, agree no one can tell. I think there is enough evidence out...
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Last
$1.20 |
Change
-0.040(3.23%) |
Mkt cap ! $472.7M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.24 | $1.20 | $312.5K | 255.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 27209 | 6 |
View Market Depth
| Last trade - 10.07am 10/07/2024 (20 minute delay) ? |
| CTT (ASX) Chart |