Yeah agreed - fear only lasts so long, people eventually get over it and invest in a fallen stock.
This business has fallen 57% in value from early 2013, however Revenue and Profit have not been impacted to that degree.
It's a classic case of being oversold.
It might go lower on the current round of fear, but at $1.40 its a terrific buy for the next 6 to 12 months! You could easily make a 40% return in the next 6 months, and you won't lose much sleep either given that the business is blue chip.
Opinions on future, page-101
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Last
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $652.9M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.0¢ | 77.8¢ | $497.1K | 633.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25468 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 3000 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |