I disagree. Matt Comyn came out stating that the rate rises have shown little evidence of denting consumer spending...so far. But let's say you're correct. A pause in rate rises doesn't signify rates falling. I know many commentators are expecting rates to fall, but what if the current rates are the new normal?
DMP has massive debt and apart from the current macro environment, they highlighted in the Half Year result that franchisee sentiment was an issue. They also flagged a soft start to the second half of the year, so can the SP go lower? Of course it can.
Who would have thought that DMP would fall from $160 to $47??. Who would've thought that Blackmores would go from $208 to $74 where it's been range bound for 5 years. There's plenty more examples.
Can DMP reach $100? Maybe it can. Can DMP fall further or drift sideways for the years ahead? Maybe it will.
Just be mindful of the rhetoric that you're willing to take on board as legit advice. Some people and analyists have an agenda.
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Last
$38.28 |
Change
-0.350(0.91%) |
Mkt cap ! $3.480B |
Open | High | Low | Value | Volume |
$38.70 | $38.91 | $38.28 | $6.113M | 158.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 415 | $38.28 |
Sellers (Offers)
Price($) | Vol. | No. |
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$38.43 | 350 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 500 | 38.250 |
2 | 546 | 38.200 |
1 | 3 | 38.100 |
2 | 1500 | 38.090 |
1 | 200 | 38.080 |
Price($) | Vol. | No. |
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38.430 | 350 | 1 |
38.650 | 1820 | 1 |
38.960 | 500 | 1 |
38.980 | 1000 | 1 |
39.300 | 10 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$38.40 |
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Change
-0.350 ( 0.94 %) |
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Open | High | Low | Volume | ||
$38.83 | $38.90 | $38.37 | 33757 | ||
Last updated 15.59pm 03/05/2024 ? |
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