"Another poor half may require goodwill be be looked at. I don't know anything beyond what is in the market, but when you consider the macro environment generally, I reckon it is a better than even money bet."
IMO if it was only a better than even money bet as you say I would be buying at these price levels. However the market for this stock, which has historically appeared to trade on non-public information, is telling me the odds are closer to a 100% chance for a very poor half. Your naive logic is along the lines of bad stock = sell at any price, good stock = buy at any price. What is important is odds times payoff, not just the odds.
like watching a slow motion train wreck, page-10
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Last
$1.97 |
Change
-0.050(2.48%) |
Mkt cap ! $185.4M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.93 | $397.4K | 200.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5961 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FWD (ASX) Chart |