price is what you pay, value is what you receive.
Yes a good underlying company, but it's share price ran to hard in a 'zero interest rate world'.
Now the potential 'Minski moment' is upon us, interest rates look like being 'higher for longer'.
All this effects not just development appeal but also a significant downwards adjustment to fundamental value because of a significant increase in the equity risk premium.
Have patience, not time to enter yet in my opinion.
Ann: Full Year Results Presentation, page-32
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Last
$36.46 |
Change
-0.270(0.74%) |
Mkt cap ! $69.69B | |||
| Open | High | Low | Value | Volume |
| $36.53 | $36.72 | $36.27 | $102.0M | 2.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9227 | $36.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.53 | 10289 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| GMG (ASX) Chart |