that PE of 100-150 is grossly overstated. The market looks forward no backwards.
That said, tend to agree that the current valuation offers little upside
dyor
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While I can see the force of the backward looking valuation the market is known to price its participants on forward looking metrics.
When a causal observer like myself does that I see a rising demand from SE Asia - spot demand from China - yet to be defined demand from India - significant reduction in domestic competitors - improving financials - reduction transport costs - i.e. lower oil price for ships and trains - reduced machinery costs i.e. lower diesel and petrol costs - stable labour costs - alternative energy supply metrics based upon wind questioned - gas prices and supply volatile -.
Seems overall a good news story going forward all IMO and DYOR - There are more pages in this discussion • 18 more messages in this thread...
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Last
$7.94 |
Change
0.185(2.39%) |
Mkt cap ! $6.567B |
Open | High | Low | Value | Volume |
$7.83 | $8.00 | $7.81 | $24.29M | 3.110M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 17409 | $7.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.94 | 20420 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 20614 | 7.930 |
18 | 19037 | 7.920 |
16 | 29989 | 7.910 |
14 | 95245 | 7.900 |
8 | 11443 | 7.890 |
Price($) | Vol. | No. |
---|---|---|
7.940 | 7926 | 17 |
7.950 | 39204 | 26 |
7.960 | 44005 | 21 |
7.970 | 44998 | 20 |
7.980 | 23105 | 13 |
Last trade - 13.39pm 21/06/2024 (20 minute delay) ? |
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