Hi EW
for me the logic for the current rally is twofold;
1. followers of the strategic investors
2. the fundamentals.
1 adds a short term kicker over the coming weeks.
2 drives growth for years as the market digests the true potential. This business is now fundamentally worth a discounted and risked valuation of its market or buyout value. IMHO that market or buyout value under the 5-path strategy is $US2B+ for AML and then multiples for BC and OC. The COH paper adds an entire new path (actually more like a multi-lane Highway than a path). At this stage I choose $US5B as a peg in the sand on the valuation that could range from $US2B to potentially orders of magnitude higher than that.
For me, a share price above $5 this month or next would be a bit toppy but anywhere below that I'm a "buy" until Christmas.
Based on a personal view of risk and the discount rate an individual would like to use you can imply a share price today. I challenge anyone to come up with a logical and consistent FA that gives a share price valuation for today that's below $4; it will be a good leveler for the forum.
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Last
$1.61 |
Change
-0.055(3.31%) |
Mkt cap ! $273.4M |
Open | High | Low | Value | Volume |
$1.66 | $1.68 | $1.61 | $271.5K | 166.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1996 | $1.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.68 | 1305 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1996 | 1.605 |
2 | 4387 | 1.600 |
1 | 31000 | 1.590 |
1 | 10000 | 1.585 |
2 | 8233 | 1.560 |
Price($) | Vol. | No. |
---|---|---|
1.680 | 1305 | 2 |
1.690 | 585 | 1 |
1.700 | 17181 | 1 |
1.750 | 30400 | 2 |
1.755 | 990 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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RAC (ASX) Chart |