The parameter in dispute is sustainable earnings when you have a melting iceberg of FUM.
Maybe the present price of $1.2 is reasonable, what the market says to day is a certain thing - they're saying that earnings and FUM will decline.
If you want to trade it for a bounce to $1.7 and the next announcement is a $1bn divestment then you are a bit stuffed because it could go to 80c for all I know.
I'm not anyone's fiduciary, the volatility is so extreme with this stock and it's combined with serious business risk that most light-weight "investors" or "traders" should take Bell Potter's advice and sell - I don't care really if I am wrong and it goes to $0 then I take my licks and move on it's mostly pride to me a few hundred k isn't a big deal.
And it's good for me to take a few losses now and them so that I don't get too arrogant.
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Last
$1.05 |
Change
-0.005(0.47%) |
Mkt cap ! $611.2M |
Open | High | Low | Value | Volume |
$1.06 | $1.07 | $1.05 | $1.623M | 1.542M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 22007 | $1.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.06 | 5599 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 20007 | 1.050 |
1 | 2800 | 1.045 |
6 | 82810 | 1.040 |
3 | 25275 | 1.035 |
9 | 77731 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 20000 | 1 |
1.075 | 13034 | 2 |
1.080 | 138555 | 10 |
1.085 | 158372 | 5 |
1.090 | 43946 | 6 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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PTM (ASX) Chart |