Thats just how the market behaves. What's more important is how much you think the business is worth ie intrinsic value... versus the current share price.
imo... this is still heavily undervalued given they own a masthead in NZ that is effectively monopolised and they've consistently generated $20m+ of cash earnings every year for the last 3 years. Its not too hard to see that the intrinsic value is far higher than the current SP, especially given their ability to reduce net debt over the last 12 months.
Thats just how the market behaves. What's more important is how...
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Last
78.0¢ |
Change
-0.003(0.32%) |
Mkt cap ! $145.6M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 76.5¢ | $60.50K | 77.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14973 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 56926 | 2 |
View Market Depth
| Last trade - 15.04pm 29/05/2024 (20 minute delay) ? |
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Last
78.0¢ |
Change
-0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 77.5¢ | 78.0¢ | 77.0¢ | 5894 | ||
| Last updated 15.04pm 29/05/2024 ? | |||||
| NZM (ASX) Chart |