Exactly.
When a company is trading at half its net assets,
downside risk is definitely minimised.
But you don't need to go all in.
In fact if there are risk concerns in the broader market,
then holding mostly cash with just a couple of stocks that could potentially multi-bag, can be a way of still getting decent returns while actually REDUCING your overall risk.
EOS Charts, page-2610
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 (20min delay)
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Last
$1.56 |
Change
0.065(4.36%) |
Mkt cap ! $300.0M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.57 | $1.44 | $1.336M | 879.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| EOS (ASX) Chart |