$42 was massively overbought driven by an expectation of an earnings upgrade in November as there has been for the last few years. But, I completely agree that the current share price is also massively oversold and in time I'm confident we'll get back to $42 and (well!) beyond - I just think it'll take the Feb report to stop this downward momentum and allow investors to reassess. The communication in the Feb report will be crucial. I'm with the brokers at c.$30 fair value right now.
$42 was massively overbought driven by an expectation of an...
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Last
65.5¢ |
Change
-0.110(14.4%) |
Mkt cap ! $146.0M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 75.0¢ | 64.5¢ | $8.453M | 12.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70807 | 65.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 72994 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |