As mentioned in my previous post, i wouldn't be looking at this company until the shares trade below 70 cents and to be honest this would just be a starting point and not even a bargain in my books.Seems like Roger Montgomery agrees with my valuation.
Check out the link below, exactly my thoughts a c5 lol.
http://www.switzer.com.au/business-news/news-stories/montgomerys-view-on-ten/
My view remains; the stock is well over priced and in due course the share price will need correction or the intrinsic value of the business needs to improve rapidly in the next few years to justify any price paid today.Maybe good for the punter/day trader in the short term as now we have the daily double on board; if it's not one fool its two, so take advantage of the ignorance and don't get to greedy in the short term.
cheers and good luck all.
- Forums
- ASX - By Stock
- News: ACCC to investigate Ten share raid
As mentioned in my previous post, i wouldn't be looking at this...
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity