You cannot blame people for taking profit. We have seen a share price movement from around 6 cents to 17 cents in a matter of days. Personally I sold my holdings yesterday at 16 cents, worked out brilliantly in hindsight. If we see below 10's again, I will look at buying some again.
There are still a few other unknowns such as will they pay off their debt by reducing dividends or suspending dividends. Personally suspending them to pay down debt is a good idea, but the market may punish them as many are investing for dividends.
Also the market wants clarification on HFA's discussion with their banks and their debt obligations.
Once these issues have been communicated to the market, I think we will have a better picture of where HFA is at and the market will value HFA more appropriately, whether that be up or down.
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You cannot blame people for taking profit. We have seen a share...
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Last
$1.78 |
Change
0.030(1.72%) |
Mkt cap ! $867.3M |
Open | High | Low | Value | Volume |
$1.79 | $1.79 | $1.74 | $330.6K | 187.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2352 | $1.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.79 | 2352 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2352 | 1.760 |
1 | 2352 | 1.755 |
1 | 2352 | 1.750 |
2 | 24335 | 1.740 |
1 | 5800 | 1.710 |
Price($) | Vol. | No. |
---|---|---|
1.785 | 2352 | 1 |
1.790 | 2352 | 1 |
1.795 | 2352 | 1 |
1.800 | 4000 | 1 |
1.850 | 20000 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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NGI (ASX) Chart |