I am a buyer at below $25.50. This stock trades in a curiously narrow range between $24 and $31. Jumps on an announcement and then slowly deflates with no follow up or endless announcements of no substance (interpreted as a delay).
Don't get me wrong, if commercial contracts are secured then the stock price will pole vault higher but there is a history of poor communications from management (who tightly hold the stock) that result in a comparatively narrow trading band.
A year ago it was around $25 and today it is a little above $26. Five years ago it was just below $24. As a general rule I don't trade stocks but AKP is my exception. The danger is not holding when a commercial deal is announced - but who knows when that might be?
I am a buyer at below $25.50. This stock trades in a curiously...
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Last
$6.20 |
Change
0.000(0.00%) |
Mkt cap ! $181.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| AKP (ASX) Chart |
Day chart unavailable