isn't there a strong argument that funds would dump this stock below the 100m market cap... then smaller funds that held it and had one of those "we only invest in stocks worth over $100m" mandates would need to sell ??
if this hypothetical situation occurs...
then i see this dropping to about 13c as the 'forced' sellers get out... and then probably stabilise and move to about 35c over the next two years.
But for me I have taken a tiny entry in this stock around 20c and I am happy to watch it... and when there is some fundamental clarity maybe add to it.
It is still a speculation for me... not a value opportunity.
isn't there a strong argument that funds would dump this stock...
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Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $410.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.5¢ | 37.0¢ | $322.8K | 852.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38000 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 524816 | 7 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |