Why sell at 30c, when you can sit back as a passive investor and let mgmt drive the stock higher.
Take a look at POH's website. There's a Bell Potter research note with a 12 month sp target of 40c, but an optimistic sp target of 85c.
If you were Orbis wouldn't you hang around for a while? 40c is 2505 increase and 85c 515%. Those type of returns are hard to get, even for a value investor like Orbis!
Ann: Change in substantial holding , page-37
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.338M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $29.34K | 14.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 33474953 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 44170247 | 21 |
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| Last trade - 11.59am 07/10/2024 (20 minute delay) ? |
| AVE (ASX) Chart |