All this talk about 'undervalued', maybe it is and maybe its not.
I also thought 'undervalued'.
But the share price just burnt through a large buyer support at 48c with a million shares at the bid.
Are people so disgruntled with Simon's management of the company??? Those that have sold businesses into the conglomerate with an equity component to the sales agreement?
I don't know.
After exiting I tried to buy back in a small position at 49c, only for this further wash out to happen and exit again at 47c odd.
Back on the sidelines again.
What do others know that I don't.
One thing for sure, one cannot apply traditional valuation techniques to this stock.
DGL really goes into the 'too hard basket' for me.
All this talk about 'undervalued', maybe it is and maybe its...
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Last
48.5¢ |
Change
0.015(3.19%) |
Mkt cap ! $139.7M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 49.8¢ | 47.5¢ | $27.91K | 58.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4042 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 1800 | 1 |
View Market Depth
| Last trade - 12.01pm 27/09/2024 (20 minute delay) ? |
| DGL (ASX) Chart |