Under $55k of share traded has wiped off 6% or $10million from our market cap as I type.
I may have posted this before some time back - if so I apologise if I am repeating myself:
20 people own a house which the estate agents have valued realistically at $1 million.
Each of the 20 owners holds a 5% equal share of the house.
19 owners sit tight quite happy to let their 5% shares go up in value as the market strengthens.
1 owner is strapped for cash and manages to find someone to buy him out for $20k quickly as he needs the money.
The market does no more than look at the last sale/purchase transaction and concludes that if 5% is worth $20k - the house therefore is worth 20 x $20k = 400k.
Yet the houses on either side and in the next block are still valued at $1 million and a few which have been tarted up for sale are getting interest at $1.5 million.
Never a better example of the madness of market valuations.
- Forums
- ASX - By Stock
- COI
- Ann: Mahalo Initial Development Plan Update
Ann: Mahalo Initial Development Plan Update, page-13
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COI (ASX) to my watchlist
|
|||||
Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $210.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 554861 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 377409 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 554861 | 0.180 |
1 | 250000 | 0.175 |
5 | 280382 | 0.170 |
4 | 332000 | 0.165 |
2 | 171400 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 377409 | 6 |
0.195 | 273099 | 5 |
0.200 | 566871 | 9 |
0.205 | 360991 | 6 |
0.210 | 5200 | 1 |
Last trade - 10.48am 26/07/2024 (20 minute delay) ? |
Featured News
COI (ASX) Chart |
Day chart unavailable