The Morgans Broker report still has PLS target price at $4.70. So I wouldn't read too much into this as a driver for today's price action. This market reaction was always bound to happen at the first 'sniff' of pricing stability/weakness - that came with today's BMX auction which was actually a great result but able to be spun in a negative way. PLS ~$4 is clearly undervalued. The value traders will swoop soon enough. Even those that believe brokers PT's will start to get interested at these prices.
Ann: Results of BMX Auction, page-99
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Last
$2.88 |
Change
-0.040(1.37%) |
Mkt cap ! $8.673B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.96 | $2.88 | $50.87M | 17.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 127610 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 103550 | 8 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |