From what I can see, NAN is priced in such a fashion that people are expecting their next product to be as successful as their current trophon. We do not know what their next product line is or what its profitability is, yet we are pricing it in.
For a decent return - eg 10%+ per year, one would be expecting to pick this up at <$3 per share to account for the risk of future product failures.
I'll admit, I am very green in this investing space (<2 years) but I am starting to realise that there is more to valuing a company than just excel spreadsheets. . . Qualitative factors have a much greater influence than people seem to think.
Bell Potter downgrade NAN to sell above $3, page-6
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Last
$2.99 |
Change
-0.160(5.08%) |
Mkt cap ! $905.9M | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.06 | $2.99 | $3.917M | 1.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4000 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 6990 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| NAN (ASX) Chart |