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
$49.43 |
Change
-0.590(1.18%) |
Mkt cap ! $31.25B | |||
| Open | High | Low | Value | Volume |
| $49.25 | $49.70 | $48.80 | $70.45M | 1.430M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6794 | $49.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.43 | 3916 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ALL (ASX) Chart |