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
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 19.0¢ | $14.98K | 78.85K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 23186 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 12977 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 23186 | 0.180 |
1 | 5700 | 0.175 |
1 | 25000 | 0.170 |
2 | 40000 | 0.165 |
1 | 125000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 12977 | 2 |
0.195 | 2500 | 1 |
0.200 | 255681 | 2 |
0.205 | 5000 | 1 |
0.210 | 100000 | 1 |
Last trade - 13.09pm 05/07/2024 (20 minute delay) ? |
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