MarkieMills
Not surprised to see you here! I started buying this one at $3.74 today and ended up buying four times as it kept falling with my lowest price at $3.61. I had a fifth bid in, but it didn't get there today. The NTA and PE are not outstanding but I just feel that the falling dollar has made this stock more valuable particularly for overseas predators. Stocks with disappointing news are certainly getting pummelled in recent times.
Back in May 2013 this stock got to $6.47 at a time when the Aussie dollar and the US dollar were on par. Now the share price is $3.64 and the Aussie dollar is worth US 87.7c so the share price in US dollars is US$3.19. So for Americans the share price has more than halved in the last 8 months. Exporters should be worth more not less as a result of the falling Australian dollar.
I do think we could see another overseas takeover bid if this stays down at the price it is now.
GPASAS
Ann: TWE Update , page-21
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Last
$12.24 |
Change
0.090(0.74%) |
Mkt cap ! $9.931B | |||
| Open | High | Low | Value | Volume |
| $12.23 | $12.29 | $12.09 | $19.69M | 1.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29743 | $12.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.25 | 100000 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| TWE (ASX) Chart |