Obviously a seller wants out for some reason. Selling a business that is at a significant discount to NTA and one that will return NPAT of circa 16% return.
it is only with sellers like these that value investors get opportunities. Based on fundamentals, I doubt there will be too many on the register that see the same pessimistic outlook. the stock should make its way above $1 as soon as the seller has finished. Low average daily trades over the past few weeks at least with about $15 mil transacted for a reduction in market value of over $100M.
Good Value and Momentum, page-82
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Last
98.0¢ |
Change
-0.030(2.97%) |
Mkt cap ! $927.9M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.01 | 98.0¢ | $1.252M | 1.269M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 120907 | 98.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.5¢ | 22773 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PRN (ASX) Chart |