yes but I focus on only two things: evolution of value and share price. The two go into a binary matrix.
Value declines, margin of safety declines.
With a disappointing outlook statement, I see no rush to buy back in, not yet anyway.
Furthermore dividends declining (against expectations, don't refer to the FY23 dividend rebase), so I don't get paid sufficiently for the time spent holding the stock. (ie i don't get paid sufficiently for being 'patient').
As to that $150m buy back, its means squat all, market cap is $6b, what's $150m against $6b (lol it will probably just buy back management options packages)
Happy to wait and see.
Macro market is expensive, Buffett accumulating cash like there is no tomorrow, selective value opportunities (I am heavy REITS both in Australia and more so Hong Kong). I will wait...
And wearing the 'speculators hat' for a moment, when a stock drops on earnings announcement day... it usually (but not always) under performs for the next several months.
These are my opinions only.
The future of AZJ, page-424
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Last
$3.44 |
Change
-0.015(0.43%) |
Mkt cap ! $6.322B | |||
| Open | High | Low | Value | Volume |
| $3.46 | $3.47 | $3.42 | $8.323M | 2.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 19876 | $3.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.44 | 188513 | 93 |
View Market Depth
| Last trade - 15.38pm 17/09/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |