Enterprise Value can be an illusion when a company is in trouble. Asset values can and will be written back.
Planning to hold here. Rather than averaging down I shall deploy cash on stocks with more manageable risks.
Then, if and when appropriate to do so, i could buy more on significant good news.
Something like that.
Any punter can buy a wrong stock. The thing is not to then feed the thing and allow it to be a drag on the portfolio- or worse.
IMHO DYOR
Ann: Quarterly Report for December 2023 Quarter, page-150
Add 29M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
53.5¢ |
Change
0.035(7.00%) |
Mkt cap ! $368.4M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 54.0¢ | 51.5¢ | $866.8K | 1.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 23132 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 166647 | 12 |
View Market Depth
| Last trade - 12.57pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
53.5¢ |
Change
0.035 ( 6.26 %) |
||||
| Open | High | Low | Volume | ||
| 52.0¢ | 54.0¢ | 51.5¢ | 158582 | ||
| Last updated 13.18pm 07/06/2024 ? | |||||
| 29M (ASX) Chart |