3 to 5 years is a long time to tie up your capital to expect a turnaround; the company value could fall even further. Sure S32 maybe undervalued but from what I can see the shorters are in control and have this firmly capped at $1.40 now. IMO more risk to the downside even if it defies logic. The broader market is hovering just under this 5100 level and I just don't think the market is betting we will go up more than a few hundred points from here. Now translate that to the s32 share price and sentiment in this sector and it does not look good unless there is a large buyer who then openly states it is undervalued similar to the Oz Minerals share price rally.
3 to 5 years is a long time to tie up your capital to expect a...
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Last
$3.68 |
Change
-0.060(1.60%) |
Mkt cap ! $16.66B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.70 | $3.63 | $46.35M | 12.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16139 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 45098 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |