If share prices were still governed by future earnings then we would be at $5, not 8c, Itsa, and ZIP would be back at $15 on the basis of their supposed recovery to come in 5 yrs time or whenever
you would be correct in saying this is how things have been historically ... but, to PDC1s point, the reality is that investors (in particular the younger ones who jumped in head first a year ago with all that covid saved disposable income and have been burnt in the process) will have become a lot less risk averse today, with less disposable income after 6 interest rate increases added to mortgages and general inflation
so I think SPs are going to be based more around actual revenue rather than(expected/promised/hoped for) future revenue .... although in ANPs case I would love to be proven completely wrong
dave
If share prices were still governed by future earnings then we...
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Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $82.67M | |||
| Open | High | Low | Value | Volume |
| 8.1¢ | 8.1¢ | 7.8¢ | $215.5K | 2.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 137820 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 319232 | 3 |
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| Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
| PER (ASX) Chart |