There's nothing wrong with taking a quick profit. My personal judgement is that Ausdrill is worth more than the market is currently judging it. Somewhere in the low $2s is what I am expecting long term. If there was a significant downturn, then i would still put it above $1.5. However, there's some complicated drivers in the industry though that could Ausdrill long-term. Increased automation. The changing 'maturity' of the Australian and African mining landscape. Exchange rates. Access to capital. Also a rebrand may be potentially useful for the company, as a lot of people seem to assume simply by the name that Ausdrill is an oil and gas driller, and so discount or ignore the company due to climate change policies.
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94.3¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 145863 | 94.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20 | 146293 | 0.940 |
11 | 69812 | 0.935 |
14 | 71050 | 0.930 |
8 | 63762 | 0.925 |
9 | 221967 | 0.920 |
Price($) | Vol. | No. |
---|---|---|
0.945 | 24035 | 9 |
0.950 | 105942 | 25 |
0.955 | 77274 | 14 |
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0.965 | 40127 | 7 |
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