One of the most important things I have learnt in the market is how poor the market is at looking forward and how much it gets attached to the past. One of the investment opportunities I look for are companies where there has been a change in management and performance, but the market does not react to the change.
A good recent example of this in action was GCY (now SPR) where the management changed and the new management found a massive high grade gold deposit right next to their mill. The market just sat there for a few months with the SP stuck at sub-10c allowing me to accumulate a sizeable position. Eventually the market woke up and the SP is now near 50c. If the market was forward looking this should not have been possible.
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Last
$1.78 |
Change
-0.040(2.20%) |
Mkt cap ! $302.5M |
Open | High | Low | Value | Volume |
$1.81 | $1.82 | $1.76 | $132.8K | 74.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4000 | 1.755 |
3 | 12714 | 1.750 |
1 | 3000 | 1.740 |
1 | 1405 | 1.720 |
4 | 25414 | 1.700 |
Price($) | Vol. | No. |
---|---|---|
1.780 | 3781 | 1 |
1.830 | 7500 | 1 |
1.840 | 1000 | 1 |
1.850 | 5222 | 1 |
1.880 | 2351 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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RAC (ASX) Chart |