Time to revive an old thread
Current market prices have rates at 3.94% (since October 2023, those rates have been falling from the ridiculous 5% rates our markets priced in)
is why I still think this stock is a hold (or buy when it flushes) for a while yet
SP is sitting at 0.875
That's almost 4.6% with current dividend prices (better value than market)
If those rates can hold, it should rate the SP at 1.01
So this stock is now undervalued again
These rates can fluctuate & to obtain the cheapest SP we have to look at the highest these market rates can get to but at least we know how high the SP can get to
So I believe once we get above 0.88, we could finally start tracking our way towards that target again
Which means the buying window for cheaper prices may be closed until the next flush
Thats been the issue the past 12 months, the asx has continued to price in rate raises while the rest of the world were pricing in rate cuts
Time to revive an old threadCurrent market prices have rates at...
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Last
$1.11 |
Change
-0.005(0.45%) |
Mkt cap ! $667.3M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.13 | $1.10 | $508.0K | 456.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127663 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 17258 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| SRG (ASX) Chart |