The share price is not going up in any meaningful way until the share overhang is cleared. It's a simple as that. Morgans has been selling for at least three years now and probably still have a few million shares left out of their Uniquest purchase around $2.70 and on market buys above that.
I rate the stock a buy but lots more patience will be required before any significant sustainable re-rate occurs.
EMvision Research Notes, page-2578
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Last
$2.22 |
Change
0.170(8.29%) |
Mkt cap ! $189.6M | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.22 | $2.06 | $25.26K | 12.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4358 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 975 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| EMV (ASX) Chart |