Scamp very true ......until it aint. But be too late then.
PRU generating approx $15m per month profit
PRU just admitted to ASX100 may only be weighting of 0.2% atm but at some point all local fundies will have to have a view on the stock u/w, o/w or neutral.
Aussie insto's not big holders of PRU at this stage.
Technical momentum trading has signalled buy at this level. The last signal was a sell at 3.15, a buy at 2.75 and sell at 3.50 so been quite good indicator. Wish I had been more aggressive with trading it.
Resource upgrade this week, will primarily move resource from indicated to measured but that is a big thing for insto's.
Gold next move will be a rally back towards $1800. (this is the opinion of well respected international analyst i have followed for 5 years) I tried ignoring him at my cost. His last big call was that market gave exhaustion signal in Q1 and would setback considerably. Unfortunately I thought we had another 3 months in it. I was wrong. Damn
PRU have proven close to 6m oz and excluding hedging, PROFIT of this is about $6bn with significant exploration upside yet to come plus I.C., yet market cap just over $1bn.
Maybe the disparity b/w CAD and AUD sp is reflection of investors fleeing A$ exposure. Need to watch this.
But nonetheless current price is unsustainable and expect to see sharp turnaround before 2012.
I have an inkling the sp come end of year will be closer to $3.50
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Scamp very true ......until it aint. But be too late then.PRU...
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Last
$2.78 |
Change
0.045(1.65%) |
Mkt cap ! $3.819B |
Open | High | Low | Value | Volume |
$2.77 | $2.78 | $2.76 | $2.856M | 1.031M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 98054 | $2.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.78 | 170492 | 120 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 97477 | 2.770 |
35 | 166781 | 2.760 |
24 | 151249 | 2.750 |
17 | 130782 | 2.740 |
16 | 255431 | 2.730 |
Price($) | Vol. | No. |
---|---|---|
2.780 | 169577 | 120 |
2.790 | 187969 | 26 |
2.800 | 131581 | 22 |
2.810 | 267362 | 16 |
2.820 | 61069 | 6 |
Last trade - 13.36pm 16/07/2024 (20 minute delay) ? |
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PRU (ASX) Chart |