Its such a strange phenomena. The experts always say, "Buy when the market hates it" or "Be greedy when everyone is cautious".
The financials of this company are "relatively" good.
NPAT up ~300%+ since 2021, up 200% from the pre covid levels.
Share price is down over 50% from 2021 highs of ~$39.
The PE ratio averaged above 50 for the last 7 or so years. The market is certainly pricing in a huge drop in earnings, but I feel this might be one of the stocks that has quite a bounce if revenues/profits dont drop as much as expected.
NPAT for 1H24 is $97.4m, so in the 2H they only need to do $50m to match 2023's numbers. If they even saw, say, a 30% reduction in from 1H numbers, that would still see $60m, and therefore see even a small increase on FY23 numbers.
This might easily see a short squeeze of some sort. Look at the reaction from the 1H23 report, even though it did give back those gains within a week or so.
This really is a tricky one. Might just have to buy small parcels and average up or down until the next result confirms the numbers.
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Last
$15.02 |
Change
0.130(0.87%) |
Mkt cap ! $4.180B |
Open | High | Low | Value | Volume |
$15.08 | $15.23 | $14.92 | $15.79M | 1.042M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4767 | $14.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.03 | 2408 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34 | 14.930 |
1 | 134 | 14.860 |
1 | 673 | 14.850 |
2 | 1000 | 14.550 |
3 | 236 | 14.500 |
Price($) | Vol. | No. |
---|---|---|
15.100 | 800 | 1 |
15.250 | 849 | 1 |
15.280 | 1308 | 1 |
15.380 | 1700 | 1 |
15.400 | 681 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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