Unrealistic growth expectations for REH?
Whole ASX market overvalued at present imho. Mining sector profitability getting hammered so all that superannuation and sundry private wealth is crowding into everything else (which isn't all that much really). Doesn't help that there hasn't been much in the way of new floats.
Given inflation has now been reduced to isolated areas the RBA seems pretty keen to crash what's left of the economy for reasons only they understand. Given there's a decent lag for interest rates to impact I would have thought now would be the time to begin to ease but apparently not.
I don't expect current conditions will help the E part for some of these companies (hence poor outlooks in many sectors) so not likely to help with the P either.
Unrealistic growth expectations for REH?Whole ASX market...
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Last
$26.83 |
Change
0.110(0.41%) |
Mkt cap ! $17.33B | |||
| Open | High | Low | Value | Volume |
| $26.89 | $27.06 | $26.67 | $7.388M | 275.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 449 | $26.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.83 | 1864 | 2 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| REH (ASX) Chart |