I'm a data scientist for an investment bank by trade so I'm well aware of probabilities lol.. even if RFF are totally legit, there really isn't much upside in terms of capital gains. I'm a firm believer in the Efficient Market Hypothesis and I think the price it's trading at right now reflects the intrinsic value of the company minus the market's perceived probability of risks. Right now there's a flood of optimists due to recent buy volumes, but essentially anyone buying in at these prices are hoping for a 13% short term capital gain (best case scenario). It just doesn't seem worth it at the current price. I'd rather forgo the 13% and wait for further confirmation.
Statistically, 1.70-1.80 would have been fair value given the looming risks (which is what the directors bought at). Anyone buying now is buying at a relative premium.
Directors buying with conviction!, page-20
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Last
$2.05 |
Change
0.000(0.00%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.06 | $2.04 | $146.7K | 71.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 9498 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 40782 | 5 |
View Market Depth
| Last trade - 10.19am 21/06/2024 (20 minute delay) ? |
| RFF (ASX) Chart |