I have done an analysis of this stock, albeit using prospectus data.
I calculated an NPV of around $5-$5.2 per share.
The reasons for the fall are simple - it is way over priced.
I do like this company, hence why I am looking at it, but I will wait until it is priced in the 4's before buying. If they reach their proforma targets however, I would probably buy below $5.50
IPO - Netwealth Group Limited, page-26
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Last
$21.84 |
Change
0.000(0.00%) |
Mkt cap ! $5.329B | |||
| Open | High | Low | Value | Volume |
| $21.88 | $21.99 | $21.69 | $1.862M | 85.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 720 | $21.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.89 | 973 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NWL (ASX) Chart |