G'day all you IONers,
I reckon ION will bottom between $1.45-$1.50 over the next fortnight, and then after this shakeout, a strong bidding reversal towards $1.70-$1.80 over the next month subsequently and then from there it's anyone's guess.
If ION reaches this range of $1.45-$1.50, then this will lead to holders and short termers panicking and getting out of this one in droves.
Net asset backing of around $1 struck on a 25% profit from their assets as is current.
If the quantity of shares issued increases, I can't see the profit return from assets decreasing. All I can see are significant synergies from this company expanding.
They could've issued long-term debt from notes or bonds or something like that repaying about 10%/year, but I reckon they know what they're doing in expanding the company by issuing more shares.
This company is pretty much the only diversified industrial listed on the ASX, similar to the US Tyco. I remember them having similar problems in their expansionary phase.
This really is one to keep for the long haul if you can.
Good luck,
Davo
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G'day all you IONers,I reckon ION will bottom between...
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Last
4.1¢ |
Change
0.003(7.89%) |
Mkt cap ! $48.69M |
Open | High | Low | Value | Volume |
4.0¢ | 4.2¢ | 3.9¢ | $212.2K | 5.245M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 733560 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 763754 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 733560 | 0.040 |
5 | 608479 | 0.039 |
2 | 207142 | 0.038 |
3 | 247351 | 0.037 |
3 | 675377 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 763754 | 3 |
0.042 | 786529 | 4 |
0.043 | 235121 | 2 |
0.044 | 127717 | 1 |
0.045 | 132500 | 1 |
Last trade - 15.34pm 12/08/2025 (20 minute delay) ? |
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ION (ASX) Chart |