ASL is a cyclical stock. Best to buy when price is down a lot,like now, and get out when it goes up 50%. Just look at the 10 year price graph. Long term the big issue with Drillers is they have HUGE capex needs and when market turns down their fixed costs kill them.
time for a rethink, page-6
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Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $952.1M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.03 | 98.0¢ | $3.114M | 3.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15196 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 8390 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PRN (ASX) Chart |