Well, this is getting a bit silly. A 9% drop on THAT news is excessive. Yes, it's a permanent hit on profits going forward, but a relatively small one. It will be more than absorbed by the higher profits coming from ALNG once the "lag" effect in the higher Brent price passes. I'm quietly confident that around the end of the decade, wholesale electricity prices will have recovered markedly, and ALNG will be generating the game changing profits it was designed to do when we took on all that debt to create it. I will wait for the dust to settle, and if the $3.90 lows are retested, I'll be adding further to my holding without any hesitation whatsoever. Today is short term noise, it needs to be looked through, and decisions taken to seize a very good long term buying opportunity.
Well, this is getting a bit silly. A 9% drop on THAT news is...
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Last
$9.93 |
Change
-0.020(0.20%) |
Mkt cap ! $17.10B | |||
| Open | High | Low | Value | Volume |
| $9.98 | $9.99 | $9.81 | $31.67M | 3.199M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 92596 | $9.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.93 | 7098 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$9.90 |
Change
-0.020 ( 0.40 %) |
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| Open | High | Low | Volume | ||
| $9.99 | $9.99 | $9.82 | 693648 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| ORG (ASX) Chart |