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.
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Last
86.0¢ |
Change
-0.005(0.58%) |
Mkt cap ! $717.4M | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 88.5¢ | 86.0¢ | $556.6K | 640.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 44396 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 20648 | 16 |
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| Last trade - 14.44pm 18/09/2024 (20 minute delay) ? |
| MYR (ASX) Chart |