then should have seen a corresponding drop in APE.
This is not occurring. APE share price relative to value much higher.
I personally think its because market is scared about car companies trying to fix the selling prices and commission structure of dealers. Whether this works or not I don't know.
Also maybe because PWR took on debt to fund its aquisition.
Anyway my position is small, and will probably stay small until I can figure this out.
Value or value trap???
I don't have the answers.
Ann: H1 FY22 Result and Conference call, page-8
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Last
$1.73 |
Change
-0.055(3.08%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.80 | $1.72 | $201.9K | 114.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9470 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 7080 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| PWR (ASX) Chart |