I think it is reasonable value at around 45c, if I had to choose I would call it a "hold", but it is not looking like a buy to me. It seems like an average, "will probably beat the market" style investment at this price, but the risk/reward does not seem stacked in buyers' favour.
You'll need some pretty great performance to justify the buy. This stock is way out of value territory.
Although I consider it worth holding, due to the foreign currency exposure, I've decided to sell my shares and buy shares in a company that reminds me of Azure at 27.5c, rather than 47.5c.
What's really changed in that time?
The company has reported pretty much as expected, maybe even a bit worse than expected.
Pie funds sold at around 27c, Buzza sold at around 25c, the CEO sold (some) at 45c and Australian Ethical is selling at around 47c - they were buyers at around 27c, so they made nice returns of 70% in a few months.
Aus Ethical and Pie are two of only a handful of funds that I'll follow from time to time. Obviously Buzza and Gray know a thing or two about the business. Dumaresq moved it to hold.
There could be a way to run but it could also be that this company is pretty fully valued.
I prefer hold companies that make me think "this is cheap, no way am I selling at current prices."
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Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.17M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 22.0¢ | $90.38K | 406.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 278250 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 1819 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 278250 | 0.215 |
5 | 230000 | 0.210 |
1 | 87442 | 0.205 |
3 | 92000 | 0.200 |
1 | 11600 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 1819 | 1 |
0.225 | 132664 | 1 |
0.230 | 100000 | 1 |
0.235 | 101648 | 2 |
0.240 | 34728 | 2 |
Last trade - 15.08pm 05/09/2024 (20 minute delay) ? |
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AHC (ASX) Chart |