Regulation is a serious issue but the main one is bond yields, I think. Punters are betting that the 30-year bull market in bonds is over. If so, that is very, very bad for the likes of APA, Telstra, Duet, Transurban, Sydney Airport, property trusts etc. It is not good for high PE growth stocks either as, like the yield stocks, the discounted cash flow method used to analyse them looks out several years. As bond yields rise, the net present value of those long-dated cash flows falls significantly.
Also, APA held an investor day yesterday. It is possible some major shareholder didn't like what they heard and decided to pull the plug overnight.
Regulation is a serious issue but the main one is bond yields, I...
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Last
$6.80 |
Change
0.100(1.49%) |
Mkt cap ! $8.805B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.85 | $6.72 | $30.13M | 4.437M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11565 | $6.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 31286 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| APA (ASX) Chart |