I think you're being optimistic with your $3.50 post-SML assessment. Short term, I'm tipping maybe a touch over $2. There'll be a lot of profit taking at that point, which will keep the price somewhat suppressed relative to "fair value".
If there's a continued stream of good news (offtake and finance being the obvious ones), then we'll see gradual appreciation over the $3 mark, but it'll take a bit of time to build up to that point.
The point is, any time you see a spike in price, you'll see people jumping out and taking profits. Guaranteed. How much appreciation will occur depends heavily on how much demand there is for the stock. Some of that will be driven by funds who have their requirements ticked off for entry. But I think it'll be over a longer period rather than short term spike.
Hopefully I'm wrong - but time, as always, will tell.
- Forums
- ASX - By Stock
- PEK
- Ann: Change to Registered Office Address
Ann: Change to Registered Office Address, page-7
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
Add PEK (ASX) to my watchlist
|
|||||
Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $49.28M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $16.42K | 90.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 101569 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 34939 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 101569 | 0.180 |
3 | 469624 | 0.175 |
4 | 828674 | 0.170 |
1 | 212886 | 0.165 |
3 | 253156 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 34939 | 1 |
0.195 | 71880 | 2 |
0.200 | 5500 | 1 |
0.215 | 10807 | 2 |
0.220 | 18500 | 1 |
Last trade - 15.45pm 12/07/2024 (20 minute delay) ? |
Featured News
PEK (ASX) Chart |