"2.60 odd might be the bottom - i had intended to put a buy on about there just looking at charts -fundamentally they should be all right about those levels too one would think"
Even though the stock has fallen a long way from its high, I'm not sure that it is unambiguously cheap yet.
As a $400m Market Cap company today - which generates around $33m pa to $35m pa in EBIT - I think it has merely gone from being very expensive (it peaked at $740m Market Cap a little over a month ago) to just being fairly valued.
It's a good quality company, but I think there are other good quality companies which offer better valuation appeal, given the current market trauma.
"2.60 odd might be the bottom - i had intended to put a buy on...
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Last
$8.55 |
Change
0.300(3.64%) |
Mkt cap ! $1.322B | |||
| Open | High | Low | Value | Volume |
| $8.35 | $8.57 | $8.30 | $1.796M | 211.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1173 | $8.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.56 | 117 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DTL (ASX) Chart |