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
$1.80 |
Change
-0.030(1.64%) |
Mkt cap ! $2.253B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.88 | $1.78 | $9.614M | 5.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17922 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 48764 | 11 |
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| Last trade - 11.30am 31/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |