Any stock that is a serious contender to make profit needs a very simple thing to occur. Institutional support, unless of course it is a pure speccie like SIR.
Now that the DFS is out, the analysts from the brokers will be pouring over these figures and then await the fiancing arrangement to finally give them confidence to start building a position. Unlike traders they will not worry about day to day fluctuations in price. Its not the price that counts but the value.
Using todays figures and then using a dfc, they will put a value on todays figures. After all, in Investment Analaysis 1, the true value of a company is the PV of a future series of cash flows.
Any stock that is a serious contender to make profit needs a...
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Last
80.5¢ |
Change
0.005(0.63%) |
Mkt cap ! $73.63M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.0¢ | 79.5¢ | $53.19K | 65.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2525 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 10675 | 1 |
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| Last trade - 15.50pm 27/09/2024 (20 minute delay) ? |
| MYG (ASX) Chart |