To add to your comment, if you look at the major market indices globally, SP500, Russell 2000, NASDAQ, Shanghai Composite, Euro Stoxx600 and to a lesser extent the Japan Nekkei, all are in bear market territories. The Aussie All Ords is the only developed market index that is not in a bear market, driven by commodities. The All Ords is only 4% of its peak. Given everything that is happening to the global economy, plus all commodities are now in backwardation, Aust will be lucky not to be in a recession. This is bad for growth stocks. I intend to hold PLY for a long term, I expect pains in the short term. But who knows, if we escape a recession like what we did during the GFC, Aussie equities will attract foreign inflows, plus we're the closets developed market to Asia, so our market is always a haven for Asian inflows. So who knows, it might not be all doom and gloom after all. Plus, gaming is a very niche market. Gaming (mainly gambling) tends to do better during a recession so there's that.
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Mkt cap ! $332.5M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 369 | 89.5¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 369 | 0.895 |
1 | 34 | 0.805 |
2 | 12654 | 0.800 |
1 | 4000 | 0.790 |
3 | 39007 | 0.785 |
Price($) | Vol. | No. |
---|---|---|
0.780 | 2380 | 1 |
0.815 | 1000 | 1 |
0.830 | 24080 | 3 |
0.835 | 15420 | 1 |
0.840 | 10000 | 1 |
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