Firstly let me say there are many scratch your head valuations on the ASX at the moment.
I don’t believe there’s much downside here just not sure what the catalyst will be for a rerate upwards. Perhaps a much improved profit result with a good outlook.
If AACo is in the class action then the company will be the one to benefit I would have thought. To my way of thinking it’s only when shareholders take action against a company that they would benefit directly. I’m not sure if shareholders of a company that is directly affected by the ban can or are in this class action.
Federal Court rules 2011 livex ban invalid, condemns Ludwig decision, page-9
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Last
$1.40 |
Change
0.000(0.00%) |
Mkt cap ! $840.8M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.41 | $1.38 | $203.7K | 145.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2759 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 1000 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| AAC (ASX) Chart |