Yes, I've taken some profits from my ALA investments when it reached the high teens & re-invested in CHM, but I still maintain a significant stake in the company.
There are several reasons why I wouldn't compare between companies (mayne for another time), and I certainly wouldn't underestimate ALA.
As observed in their recent capital raises, their SP has been intentionally lowered to benefit certain individuals, and it's unlikely to return to 10c. Similar to past instances, the ALA's SP is backed by influential investors, as evidenced by today's price hitting 14c and churning through 7.5 @12.5 by lunch. And it will likely receive further support through announcements and presentations, as has been the case in the past.
However, I agree with you that CHM is undervalued.
Yes, I've taken some profits from my ALA investments when it...
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Last
2.7¢ |
Change
-0.002(6.90%) |
Mkt cap ! $23.97M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.7¢ | $8.783K | 312.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1402847 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 996803 | 1 |
View Market Depth
| Last trade - 12.03pm 08/05/2024 (20 minute delay) ? |
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Last
2.7¢ |
Change
-0.002 ( 3.57 %) |
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| Open | High | Low | Volume | ||
| 2.8¢ | 2.8¢ | 2.7¢ | 16823 | ||
| Last updated 12.02pm 08/05/2024 ? | |||||
| CHM (ASX) Chart |