You possibly learnt about concepts such as the efficient market hypothesis or a company being worth the sum of its future discounted cash flows. That works really well until mass psychology prevents large numbers of people from even trying to value a company rationally. After all "everyone knows" that coal is a dying industry with no future and you'd be a fool to put money into a coal miner at any price - and therein lies the opportunity!
Fire and water, page-8
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Last
$4.75 |
Change
-0.015(0.32%) |
Mkt cap ! $4.002B | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.80 | $4.73 | $1.125M | 236.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 18179 | $4.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.75 | 3304 | 8 |
View Market Depth
| Last trade - 11.04am 26/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |