In my opinion, the share price will not go much lower, because:
Passive funds selling should end soon: It has been a month now since HFA was dropped out of the ASX 300 index on 5 March.I would say the selling by passive funds should be close to an end.
Equity markets rally - The strong rally in equity markets seen in March should help bolster confidence in funds managers and put HFA in a position to earn performance fees;
USD appreciation: The sharp appreciation in USD against other currencies may also be a prelude that it may appreciate significantly against AUD in forseeable future.
In my opinion, the share price will not go much lower,...
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Last
$1.66 |
Change
0.000(0.00%) |
Mkt cap ! $813.5M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.64 | $83.83K | 50.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14585 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 1891 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NGI (ASX) Chart |