Parrot - I only stated what I believe to be the facts. Like it or not the market doesn't pay up for a company whose earnings are forecast to decline. The market pays for growth. I am not making any comment on the merits of ARQ - just stating what the market believes to be the outlook and how it often works. Added to this there are oilers with very very good growth outlooks - OSH, AWE, BPT etc... etc... so this is where the money goes.
Here is a link for you - that explains the characteristics of the best stocks in history and based on this and my own experience I never saw a long term uptrend in a stock with declining earnings and/or forecast to decline - even if they do make a lot of money now - it is GROWTH that matters. Look at Telstra - they make buckets of money but earnings have been flat for years and relative to inflation over 5 years that is actually a marked reduction in their earnings.
Here is the link below - well worth a look - changed the way I looked at things a few years ago.
all the best
www.investors.com
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Last
15.3¢ |
Change
0.003(1.67%) |
Mkt cap ! $47.74M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 15.0¢ | $18.58K | 123.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 6006547 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 2009770 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 6006547 | 0.150 |
6 | 1837949 | 0.145 |
5 | 168180 | 0.140 |
2 | 14821 | 0.135 |
2 | 15398 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 2003770 | 24 |
0.160 | 663468 | 14 |
0.165 | 266710 | 5 |
0.170 | 508470 | 5 |
0.175 | 52258 | 3 |
Last trade - 12.16pm 25/07/2024 (20 minute delay) ? |
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