This is exactly why I am frustrated by E&Y's valuation. Obviously the market is saying that this stock is worth more than $0.25. The transaction should have been done at a higher price.
However, when this consolidates it will be nice to see this price over $1. If this keeps going, the price after consolidation will be well over $1. Investors pay allot more attention to a stock that is over $1 than one that is at .25.
Obviously Apollo is incentivized to raise assets and I am sure they are going to put effort into doing so. I just hope it doesn't take a year to do so. Which could be the case with institutional investors as they can move slowly through the due diligence process.
If LHP has a positive first quarter and decent net inflows, this stock could move fast.
This is exactly why I am frustrated by E&Y's valuation....
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Last
$1.69 |
Change
0.075(4.66%) |
Mkt cap ! $825.7M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.71 | $1.63 | $729.2K | 434.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5030 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 21305 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NGI (ASX) Chart |