I totally agree with you.
I remember from going through the GFC in 2008-9 that no matter how much a share price falls, and how undervalued it looks, it can always fall a LOT further. Sentiment drives prices in the short term. I could argue that SCG should be at $3.00 but that won't stop it from dropping to $1.50 if the mood turns even more negative
SCG Trading Under Bare Land Value, page-13
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Last
$3.27 |
Change
0.060(1.87%) |
Mkt cap ! $16.98B | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.30 | $3.24 | $24.75M | 7.572M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 159286 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.27 | 3651 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SCG (ASX) Chart |