They are still cheap on a multiple of 7.
The wording of the ATM preso stated "very tough trading" conditions. This could scare a few.
I suspect the escrow shares have a lot to do with it given weak volume.
30 June 2013 in my opinion is a transitional year. 30 June 2014 will be where thing really pick up so you need to be looooong. I am and keen to pick up parcels while it is trading low.
Based on my numbers it has to be worth around 85 cents. Multiples x est earnings and net asset position.
Just my opinion.
They are still cheap on a multiple of 7.The wording of the ATM...
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Last
$1.24 |
Change
-0.010(0.80%) |
Mkt cap ! $112.5M | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.24 | $7.963K | 6.405K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9255 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 1519 | 3 |
View Market Depth
| Last trade - 11.22am 31/07/2024 (20 minute delay) ? |
| EGG (ASX) Chart |