Valuation is a dark art. I remember a few years back, Xero share price dropped from 45 to 13 because they decided to expand to the US market and forgo profit for growth aspirations. Since then their share price went as high as 152 before falling back now to 92. I do feel ASX investors treated LVT very unfairly. The stock fair value is at least 3 times the current 0.06c. For me this delisting as to be a good thing.
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