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
Rate rises and BNPL
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Last
$1.20 |
Change
-0.015(1.23%) |
Mkt cap ! $1.363B | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.22 | $1.19 | $4.622M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 210568 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 81438 | 50 |
View Market Depth
| Last trade - 14.20pm 24/05/2024 (20 minute delay) ? |
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Last
$1.20 |
Change
-0.015 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $1.21 | $1.22 | $1.19 | 1408766 | ||
| Last updated 14.39pm 24/05/2024 ? | |||||
| ZIP (ASX) Chart |