Hi Gassy :
re target SPs, we've talked about the poor ROI to date of NEU before, Earlier buyers of NEU stocks are not likely to be happy with the present SP.
As noted previously, I bought NEU around 16 years ago, my DCA price was 15.8 cents/share which is $3.17 post the 20x consolidation.
You can work out reasonable compound rates of return on $3.17 over 16 years to arrive at a required share price today for a reasonable ROI. Obviously even double the current SP isn't even close !
In my view the Bots strategy is to (a) scoop up shares at low prices, e.g. from frustrated holders, and (b) lower expectations for a take-over offer (or other transaction). Hard to be on the winning side unless your a Bot controller !
Not professional advice : please do your own DD
Hi Gassy : re target SPs, we've talked about the poor ROI to...
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Last
$18.65 |
Change
-0.540(2.81%) |
Mkt cap ! $2.383B | |||
| Open | High | Low | Value | Volume |
| $18.98 | $19.15 | $18.50 | $10.51M | 560.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $18.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.65 | 1127 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NEU (ASX) Chart |