Roger M reckons with current share price, Iluka is 45% discount to its intrinsic value base on its earning and so forth. It is a big discount however anything can happen in share market.
In short term, I think trade cautiously because Dow is at its high and AllOrd in still way underperform.
When Dow was 13000 back in 2008 our market is 5000.
If Dow pulls back, we might see our market trade below 4000.
Just my thought.
results announcement tomorrow, page-81
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Last
$6.07 |
Change
0.150(2.53%) |
Mkt cap ! $2.541B | |||
| Open | High | Low | Value | Volume |
| $5.94 | $6.08 | $5.90 | $1.583M | 264.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2587 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 4439 | 19 |
View Market Depth
| Last trade - 11.49am 31/07/2024 (20 minute delay) ? |
| ILU (ASX) Chart |