Holding for the longer term play. With a 16yr LOM and looking profitable from June qtr, it's seems only a matter of time before the market catches on.Really nothing in today's announcement that will catch the eyes of day traders.
I expect longer term value investors will want to wait for confirmation in the June quarterly. So this is a good time for speculative value investors (an oxymoron?) to jump the gun before the market catches on.
This is looking like a company that will produce 75-100m of profit per year. At a market cap of $550m, if they can actually deliver on the 75-100m/yr profit, it is looking ex eptionally cheap with a 16yr LOM. Naturally, and for good reason, the naysayers will say they don't have a track record of executing the plan. Each to their own I suppose
Holding for the longer term play. With a 16yr LOM and looking...
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Last
40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $2.755B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.3¢ | 39.5¢ | $5.806M | 14.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 732397 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 927828 | 9 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |