did you take in consideration about 40% of their Q production is locked in hedges all the way to end of 2026.
IG has every right to sell his shares, but I understand your point. There is not much anyone can do on this front though.
And the budget blowout on TGO expansion could play some role here.
So 4 things - Hedge Book, IG selling (his right but it smashes the SP), TGO expansion costs seem to be the main factors. Longer than expected poor sentiment in the sector did not help at all and that would be the 4th ingredient.
SP is at least 50% below where it should be and it's not the sentiment any longer. Even with poor sentiment (when was in play) ALK SP should not have fallen below ~70c.
did you take in consideration about 40% of their Q production is...
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Last
62.5¢ |
Change
-0.010(1.57%) |
Mkt cap ! $380.1M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 64.5¢ | 62.5¢ | $579.8K | 912.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 127407 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 4158 | 8 |
View Market Depth
| Last trade - 15.01pm 21/05/2024 (20 minute delay) ? |
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Last
62.0¢ |
Change
-0.010 ( 1.98 %) |
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| Open | High | Low | Volume | ||
| 64.0¢ | 64.5¢ | 62.0¢ | 204486 | ||
| Last updated 15.26pm 21/05/2024 ? | |||||
| ALK (ASX) Chart |