why the hostility?
If you have checked AVA's books and know something about valuation, the current valuation of AVA assumes that they make in total just 1/4 of what they've made in July - Sept 2020 for the rest of FY21 (Oct 2020 - June 2021). Given that they have a decent cash reserve, they are unlikely to go out of business and are in a position to bring in more income instead of having to worry about keeping the lights on, so its current valuation is illogical and the logical move is buy more when it's cheap, isn't it?
AVA chart, page-145
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $36.19M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $1.851K | 14.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 236905 | 8 |
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| Last trade - 15.40pm 19/07/2024 (20 minute delay) ? |
| AVA (ASX) Chart |