Agree mutant, reaction was way overdone....this is a short term issue at the bottom of the economic cycle and the medium/long term outlook remains very good.
I accumulated a lot of stock today around the $10.70 level and I don't think it will take too long to be trading back at $12-$13 range.
The wildcard is the renewed interest from China....I think this is quite credible, the deal was practically done in 2007 at circa $17.50 per share and they pulled it due to drought/tight credit markets. Why wouldn't have another go now as speculated in AFR tday given credit markets have eased and the economy will turn favourable in 2010. This should be the time M&A activity really starts to move rather than buying things at the peak.
how low, page-5
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Last
$3.97 |
Change
0.020(0.51%) |
Mkt cap ! $1.517B | |||
| Open | High | Low | Value | Volume |
| $3.97 | $4.05 | $3.95 | $4.034M | 1.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5317 | $3.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 2516 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NUF (ASX) Chart |