If the market undervalues companies, then I presume it overvalues them as well. $1.35 seemed to be the "right" price when it was market value of $1.52. The massive downturn is the other side of the coin. Fear and panic are driving this one. We should see a return to equilibrium of $1.35 in the near future. Then its up to management to continue to deliver the results.
Question then is: are management still as committed now that they have carved a huge personal value out of the business?
If the market undervalues companies, then I presume it...
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Last
$15.10 |
Change
-0.160(1.05%) |
Mkt cap ! $17.35B | |||
| Open | High | Low | Value | Volume |
| $15.01 | $15.10 | $14.85 | $35.64M | 2.370M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $15.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.11 | 22202 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |