Hi laga,
The selling by offshore investors may accelerate in ST expectations of AU dollar falling but it is unlikely to affect small caps as much as large caps - foreign ownership is much higher generally in large caps. And while it may be annoying you, we were at a PE around fair value when it started as a market so it is not like the selling is completely unwarranted.
It will stop as the expectation of continuing AUD falls reduce (likely to be approaching $0.80) and/or companies earning growth picks up. The fall in dollars will be helping a number of significant companies earnings significantly (CSL, Rio, BHP, etc) so I would expect this to be a fairly short term issue really.
Hi laga,The selling by offshore investors may accelerate in ST...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.28M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $83.79K | 3.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2097105 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 209711 | 3 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |