the sp had a very strong run prior to the result, the result was a reality check on the sp.
often after results are realised the sp will move down, despite positive results, or maybe the sp is unchanged so the market guessed right.
my feeling is for AX1 on a PE of 17+ for retail it's not a cheap bargain, but is now fully priced, the market expects growth to continue.
great yield l gave it in the income portfolio and now wish l had more. if there is a meaningful fall l will get more.
the sp had a very strong run prior to the result, the result was...
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 (20min delay)
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Last
$1.88 |
Change
-0.025(1.32%) |
Mkt cap ! $1.055B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.92 | $1.87 | $1.322M | 702.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18212 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 5185 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.88 |
Change
-0.025 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $1.89 | $1.92 | $1.87 | 139064 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| AX1 (ASX) Chart |