So, upramping IVZ to a dollar and downramping MAY to 3c is ok but being upbeat for a rerate about MAY is an issue??
Perhaps some consideration should be given to the fact that there are no guarantees that IVZ will get to a dollar any more than for MAY to get to previous highs or beyond. Share prices are not necessarily driven by fundamental company values at any given time - perceptions and expectations play a big part.
The fall back in MAY's sp is not because there is no oil but because of impatience by some by the delays. Happy to wait for a hopefully better sp as some expect in the coming year. Meanwhile, if MAY does indeed fall back to 3c as you indicate, it will be a good time to add or just hold on longer.
May Chart, page-3969
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.40M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $37.57K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 11509043 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1523856 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |