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
Many here followed this fabled growth story buying at an insane...
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Last
$4.52 |
Change
-0.020(0.44%) |
Mkt cap ! $3.571B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.58 | $4.52 | $4.429M | 977.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 44694 | $4.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.52 | 12722 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RWC (ASX) Chart |