I wasn't suggesting a positive announcement is eminent, the stock seems to close on its lows most days on relatively low volume. IMO that is more suggestive that there is a washout coming or there is bad news on the way.
Given that the stock trades on a premium to most of the higher quality retailers it doesn't appear that it will take a mediocre update well. Given Metcash's loss, Aldi making inroads and Woollies (has it's own issues) and Coles looking like being very aggressive on discounting they would have to have to stun the market with their best ever result to re rate higher.
I'm interested in your opinion though, what p/e do you think it should trade on ?
New floor formed at circa $7, page-19
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Last
$2.95 |
Change
0.000(0.00%) |
Mkt cap ! $110.0M | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.99 | $2.94 | $41.95K | 14.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1756 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 10975 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TRS (ASX) Chart |