Unfortunately the company no longer post analyst reports on its website, so I am dependent on the feed from Hot Copper. That post, dated 12/12 cites a 12 month target of 2.05. I also did some work on previous RBL announcements that lead to sell off(google algorithms). The stock retraced about 63% of the loss once situation was explained properly by the company. If that was to occur after this trading update, stock should be around 1.60 level.Stock continues to mover higher on good volume. Also, ADR volume from the US continues to grow on a daily basis. I do worry about heavy discounting that I see with their email promotions. Im curious if that margin squeeze affects sellers or the company?? Maybe both
RBL M&A TARGET, page-6
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Last
41.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $117.3M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.5¢ | 39.5¢ | $80.61K | 199.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3185 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 60505 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ATG (ASX) Chart |