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
$1.55 |
Change
-0.070(4.32%) |
Mkt cap ! $264.0M |
Open | High | Low | Value | Volume |
$1.62 | $1.65 | $1.54 | $145.6K | 91.60K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5700 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.59 | 296 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5700 | 1.550 |
2 | 1629 | 1.545 |
1 | 1500 | 1.540 |
1 | 3000 | 1.515 |
2 | 8500 | 1.510 |
Price($) | Vol. | No. |
---|---|---|
1.585 | 296 | 1 |
1.590 | 2500 | 1 |
1.620 | 2050 | 1 |
1.650 | 4677 | 2 |
1.660 | 500 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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