HAS has gone nowhere but down in the last 10 years. How many laughed at me when I sold out for more than 30c back in 2011 after being a long term shareholder, I was tempted to buy back in at 5 to 6c in March -April 2020, but with so many other cheap stocks available that I gave it a miss.
Comparing HAS to another over-rated, over-priced stock like LYC is crazy.
I'm amazed that investors are so dumb as to buy Lynas at $6/share giving it a $5.7 billion market cap when the company only has revenue of $363 million (2019) $305 (2020) and profit $83 million (2019) and -$20 million (2020).
PE of 71 absolute madness
LYC has never paid a dividend and its a speculative stock that most investors wouldn't touch.
There are stocks out there on a PE of 3 that pay a 10% dividend. Why would anybody want to buy a stock like LYC?
Anybody who bought LYC at $1 back in March last year or HAS at 6c last year, should take their profits.
Lynus MC is $5.43B, page-18
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Last
29.3¢ |
Change
0.003(0.86%) |
Mkt cap ! $52.89M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.5¢ | $96.53K | 322.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 139983 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 27909 | 1 |
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| Last trade - 15.56pm 01/10/2024 (20 minute delay) ? |
| HAS (ASX) Chart |