ASM 1.49% 99.5¢ australian strategic materials limited

@austinhealy64, I was a demerger owner; one of the few that...

  1. 7,378 Posts.
    lightbulb Created with Sketch. 6630
    @austinhealy64, I was a demerger owner; one of the few that didn't want a demerger for the long term business benefits of the ALK/ASM combined entity, the synergies of keeping them combined far better than any unobservable business benefits from demerger (BDO, executives, and PWC the only real beneficiaries from that deal [and shareholders who sold out on the usual financialisation hyped]) I sold out of most of my shares around $6 from memory. I was seriously thinking of shorting it above $10. Things got a bit silly up there. They are similarly a bit silly down here. In my opinion of course. ASM has its risks, but at $1.73 the potential capital gains make those risk far more palatable than at $14.

    I sold out of ALK at $1.20, so am happily buying back both here at far better levels. The business prospects of both ALK and ASM are frankly better than when I sold them far higher.


 
watchlist Created with Sketch. Add ASM (ASX) to my watchlist
(20min delay)
Last
99.5¢
Change
-0.015(1.49%)
Mkt cap ! $178.8M
Open High Low Value Volume
$1.01 $1.02 98.5¢ $364.7K 364.6K

Buyers (Bids)

No. Vol. Price($)
4 30341 99.5¢
 

Sellers (Offers)

Price($) Vol. No.
$1.01 3480 2
View Market Depth
Last trade - 16.10pm 28/05/2024 (20 minute delay) ?
Last
$1.00
  Change
-0.015 ( 1.38 %)
Open High Low Volume
$1.01 $1.02 98.5¢ 75255
Last updated 15.59pm 28/05/2024 ?
ASM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.