At the end of the day the TWE business ex China is probably worth $8-$9. Which is close to my average buy in Excluding demerger shares from FGL.
The reason we hit $12 then all the way to $20 was China, then $20 was China growth story. This is now in jeopardy in the short to medium term. Add in locked down, ie no Chinese tourists, it’s doubly bad. I won’t be surprised to see a much bigger sell off on Tuesday. Albeit might be a good buying opportunity in what is now a fully priced share market.
Ann: Pause in Trading, page-210
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Last
$11.20 |
Change
-0.050(0.44%) |
Mkt cap ! $9.161B | |||
| Open | High | Low | Value | Volume |
| $11.26 | $11.35 | $11.18 | $10.02M | 891.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 5569 | $11.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.21 | 8085 | 33 |
View Market Depth
| Last trade - 13.08pm 05/09/2024 (20 minute delay) ? |
| TWE (ASX) Chart |