As I have posted a number of times before, once this stock gets in favour with the market it can be sharply rerated because it is trading on a low PE, has strong cashlow and no debts.
I was incorrect with price estimates I made in 2004/early 2005 because I never expected ARQ with an after tax profit of $40 million for 2004-2005 to be trading on a PE below 7 in an energy bull market!!
Sometimes the market is PLAIN STUPID.
To add to the market's stupidity we then see numerous posts here telling us why ARQ is poor value at $1.50/$1.60.
Actually its a good counter indicator.
As I have also posted before, I saw BPT as a standout buy when it was trading around 30 cents in the middle of 2004 - cashed up on a low PE. Here we had numerous posters telling us all negative stuff about BPT, just like they have about ARQ - you know the old story - running out of reserves etc. etc.
That's why we have winners and losers. Winners can pick undervalued stocks. Losers sell out of them or are unable to see/understand the value.
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.88M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $6.715K | 45.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 827895 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 260602 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 827895 | 0.145 |
3 | 403600 | 0.140 |
2 | 507407 | 0.135 |
2 | 506000 | 0.130 |
2 | 258007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 260602 | 8 |
0.155 | 1874571 | 26 |
0.160 | 243493 | 10 |
0.165 | 471873 | 8 |
0.170 | 116494 | 3 |
Last trade - 15.54pm 14/08/2024 (20 minute delay) ? |
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5GN (ASX) Chart |