Agreed. I don't anticipate a significant discount developing - but this will largely be subject to how much more pain growth/small cap stocks are set to experience. I know from their investor update they think the valuations are crazy cheap - but there are a lot more commentators on the other side of the fence - saying there is a lot more to fall.
Only time will tell.
I see a lot of similarities between what is occurring with Ophir and what is also now occurring with Hyperion. Amazing track records for the past 10 years in the face of growth over everything else - only to finally have their thesis tested (thanks to inflation and what appears to be the start of significant interest rate rises).
Ann: Month End NTA 29.04.2022, page-8
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Last
$2.69 |
Change
0.000(0.00%) |
Mkt cap ! $601.0M | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.72 | $2.69 | $469.1K | 173.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11231 | $2.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.71 | 3947 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| OPH (ASX) Chart |