Yea ugly, didnt expect this, looks like it will test $2.
But the company hasnt changed, it has a NTA of 2.38, I read CITI or someone expected a write down of $500M on manganese, which is around 5% which could take NTA down to $2.26. I think all their other assets are good, it would be disturbing if there where more writedowns. All the analysts i read expected its fair value above its NTA.
Im expecting it to come back, but might take months.
Its always darkest before dawn.
Declining Share Price, page-7
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Last
$3.70 |
Change
0.170(4.82%) |
Mkt cap ! $16.75B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.72 | $3.61 | $102.3M | 27.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 216566 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.71 | 7952 | 5 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| S32 (ASX) Chart |