BY comparing share prices "over the last 12 months' the answer is as simple as ABC. Actually, it is in reverse. Check out what has happened in that same "last 12 months" to CBA then WBC,ANZ,NAB, TLS and you will see where ALL the money has gone in this market. All chasing yield.
The mining and O & G sectors have not been able to compete, but, that could soon be changing. There is a stack of cash still out there and yields, by consequence of that rush to buy, are dropping, and if, heaven forbid for those that have done the chasing, interest rates start to rise, where will that cash go when there is a mass exodus? It is already starting to flow from those bank shares into Corporate Bonds.
But, while companies like Beach continue to deliver "fundamental" good results, the market cannot continue to ignore them.
And, of course, let's not ignore the greater enemy, shorters, who have plagued Beach for years.
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B |
Open | High | Low | Value | Volume |
$1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 135823 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 135823 | 1.270 |
12 | 155979 | 1.265 |
20 | 161670 | 1.260 |
8 | 61695 | 1.255 |
4 | 40681 | 1.250 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 20000 | 1 |
1.280 | 106180 | 7 |
1.285 | 157713 | 6 |
1.290 | 126910 | 5 |
1.295 | 181264 | 7 |
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