Do you hope i think Meanarow is correct is wrong? or do you hope that prices will not go lower before higher. I do believe what he said and I do believe price goes lower which i have shown with math and examples of in the past.
It will go lower because with a price of AUD 6.00 and 100M in profits in FY 2024 that means the PE would be 100M / 935M shares for a EPS of $0.11.
6.00 / 0.11 = PE of 65. I have never seen a stock whose profits have fallen from $542 to $100 in two years have a PE of 20 never mind 65. Can you point out any stock whose profits have fallen 81% in two years that has even a PE of 20? i cannot.
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$6.56 |
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Open | High | Low | Value | Volume |
$6.51 | $6.59 | $6.49 | $8.348M | 1.273M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 16304 | $6.55 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 16304 | 6.550 |
4 | 43930 | 6.540 |
2 | 22262 | 6.530 |
2 | 11800 | 6.510 |
3 | 5500 | 6.500 |
Price($) | Vol. | No. |
---|---|---|
6.570 | 24700 | 3 |
6.580 | 3050 | 1 |
6.590 | 1293 | 2 |
6.600 | 48350 | 17 |
6.610 | 12145 | 6 |
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