Reggie..it's a well known fact that companies that far exceed their book values get absolutely smashed in any stock market crash and we get these stock market corrections of reasonable magnitude happening regularly...recent ones ...1972...1987...2000...2009:..2020....and companies priced at 3x, 4x ,5X book values etc ...get hammered ...so if you want to buy these companies with large multiples of book values ....and you know when the next crash is coming and you think you can get out? .....All I can say is if that is your way of investing ...and each man to his own..good luck I hope you get your timing right...because at the present book value multiples you quoted ..I wouldn't sleep well on these companies.
Remember.. Price and value should never be confused.
All the best to All
Reggie..it's a well known fact that companies that far...
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Last
$3.62 |
Change
0.010(0.28%) |
Mkt cap ! $41.82B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.65 | $3.62 | $65.42M | 18.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1092958 | $3.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 167188 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |