I think it's close to appropriately valued at the moment.
As I said, prior to the div payment, I though this would settle in the low 20's, if anything I think it's very slightly over-priced.
I can understand punters wanting to take a risk on their capital noting the pay-out policy.
From a macro perspective, I believe the price of I/O will cotinue to decline for the foreseeable future. I've clearly articulated why I believe this to be the case in posts prior, so won't spell that out again.
FEX Valuation, page-698
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.8¢ | 36.0¢ | $952.0K | 2.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74237 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 336700 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |