Certainly can understand some people taking profits if they have been in for some time and sitting on nice gains.
I don't understand people trying to justify the SP price dropping because of where it's been historically. It's nearly irrelevant. The fundamentals of the stock have changed. There have been numerous positive announcements to warrant a SP higher than where it is now. The fact the SP was xx 6 months ago is now irrelevant to what it is worth currently.
I can't say I have ever heard of a holder complaining of a dividend being paid before but respect each person has their own opinions. Based on their latest reports, they are doing plenty of work aimed at generating new income and growing the business. The fact they paid a special dividend gives me tremendous confidence that they don't see cash on hand or cash generation as an issue going forward.
I think buying at these levels represents tremendous value, though admittedly I thought that at 60c too. It would take something going grossly wrong for you to lose out in the medium/long term buying at these levels. Even short term...I think it could bounce strongly at any time. I'm keen to keep accumulating at these levels as based on all the available information this stock is grossly undervalued. I think there's some very clever accumulation going on at the moment.
All the best to holders as well as those who have departed.
AVA chart, page-279
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Last
12.8¢ |
Change
-0.003(1.92%) |
Mkt cap ! $36.92M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $4.081K | 31.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 931613 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 209201 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 931613 | 0.125 |
14 | 359514 | 0.120 |
2 | 60000 | 0.115 |
3 | 14899 | 0.110 |
2 | 38580 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 209201 | 7 |
0.135 | 38376 | 6 |
0.140 | 311946 | 7 |
0.145 | 2636 | 1 |
0.150 | 228921 | 3 |
Last trade - 11.25am 16/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
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Change
-0.003 ( 0.00 %) |
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Open | High | Low | Volume | ||
12.5¢ | 12.5¢ | 12.5¢ | 148000 | ||
Last updated 13.59pm 16/05/2024 ? |
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AVA (ASX) Chart |