I have a strong appreciation for this business and am very keen to add here; the question is when? Seeing what is happening in the US, where the markets are on the brink of a full blown bear market, valuations start to go out the window. Why? Fear and continuity. Fear of losing gains/taking further losses on deck, and/or selling to have more cash on hand to supplement the cost of groceries/mortgage repayments. ALL has a PE ratio of approximately 20, which is not great but not bad either. In a market like this, it wouldn't be unreasonable to rule out a move down to below 15. My two cents.
I would like to see $23-25, which would line up with the 100 month moving average, but who knows.
I have a strong appreciation for this business and am very keen...
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Last
$49.07 |
Change
0.200(0.41%) |
Mkt cap ! $31.08B | |||
| Open | High | Low | Value | Volume |
| $48.84 | $49.69 | $48.63 | $180.8M | 3.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14558 | $49.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.08 | 10887 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ALL (ASX) Chart |