its a little concerning to see the institutional investors reducing exposure (both perpetual and goldman sachs heading for the exit having made a nice profit) and this company has had a great run from 4.55 to 6.05 over less than 12mo.
i understand their planned expansion of sydney and brisbane and the oligopoly and increased Chinese / se asian tourism over the last 6 years (100% increase), but im getting the feeling that a p/e of 25 has as much downside risk as upside risk. many brokers are retaining a buy but the buys have been present for a long time and there are a few downgrades to hold and underperform around, so i think its fair to say that these broker recommendations may be downgraded to holds/ underperforms soon.
some brokers have 12mo price targets of 6.50 to 7.00 but i think its fair value now so ill sit on my hands and wait to buy if it drops to better value around 5.50-5.60 to reduce downside risk. i dont mind if i miss out if it never goes that low.
any similar or opposing views around?
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $753.0M |
Open | High | Low | Value | Volume |
26.0¢ | 27.0¢ | 25.5¢ | $3.160M | 12.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 805943 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 1191903 | 67 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 799380 | 0.260 |
105 | 5252533 | 0.255 |
232 | 11415057 | 0.250 |
47 | 1462417 | 0.245 |
74 | 6989447 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 1191607 | 67 |
0.270 | 1617721 | 27 |
0.275 | 1070654 | 16 |
0.280 | 1446304 | 26 |
0.285 | 1236792 | 17 |
Last trade - 15.40pm 10/10/2024 (20 minute delay) ? |
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