Well it’s almost 12 months from my warning on rate rises beginning and it looks like the RBA is about to begin. Maybe Lowe follows my posts?
Even though I have been warning about this severe demise since $14, in percentage terms I believe that the losses are far from over. I still maintain that there will be a recapitalisation though a reverse stock split (consolidation) which will allow the market cap to plummet much further.
In this macro environment, I would expect the market cap to move from $750m to $25m.
All IMO.
Don’t shoot the messenger bearing gifts
Well it’s almost 12 months from my warning on rate rises...
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Last
$1.36 |
Change
-0.020(1.45%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.34 | $24.60M | 18.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45993 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 386131 | 13 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |