"But that's the market for you."
Tis the way the wheel spins in micro-cap land.
And until investors see the actual statuary profits/cash flows from the horse's mouth, I'd bet SMP continues to trade at a significant discount to it's intrinsic value.
As you mentioned, the 6m to September 2021 results will be ugly and I wouldn't be surprised to see the stock sold off to some extent thusly providing an ample buying opportunity for those investors who are willing to be patient with their wealth creation.
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Last
$1.16 |
Change
-0.005(0.43%) |
Mkt cap ! $279.6M |
Open | High | Low | Value | Volume |
$1.19 | $1.19 | $1.15 | $188.3K | 162.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1933 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 5998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1933 | 1.120 |
3 | 16900 | 1.110 |
1 | 2000 | 1.100 |
1 | 1834 | 1.090 |
1 | 550 | 1.085 |
Price($) | Vol. | No. |
---|---|---|
1.155 | 5998 | 1 |
1.160 | 8955 | 1 |
1.200 | 16876 | 2 |
1.250 | 20000 | 2 |
1.300 | 14402 | 4 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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SMP (ASX) Chart |