Many here followed this fabled growth story buying at an insane PE despite the founder selling out his entire stake in 2 tranches for well over $1 billion. Biggest red flag for a newly floated business.
Seen it time and time again. This stock was a fundie favourite and part of the reason many underperformed. I believe a lot will need to unwind their positions further - my opinion.
albeit at the current price the stock might be near fair value, however it needs to be mid $2s for any sort of value buying from my perspective. All things being equal a profit downgrade would blow that away.
goodluck
Steady Decline, page-45
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Last
$4.72 |
Change
0.010(0.21%) |
Mkt cap ! $3.706B | |||
| Open | High | Low | Value | Volume |
| $4.74 | $4.80 | $4.69 | $7.332M | 1.549M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13021 | $4.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.74 | 14806 | 3 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| RWC (ASX) Chart |