When holders lose hope- it must be about to turn the corner.
This is an unloved stock in an unloved sector. Its peers are all down near 12 month lows- and vulnerable to tax loss selling in May/June.
On the other hand- I reckon this and peers are at about support levels.
Going forward it will come down to the ability to pass on costs- rise and fall clauses rather than fixed contracts. It comes down to how well debt has been managed for the long term- and the ability to service it.
I do not know this one as well as some others- the lack of liquidity keeps me out to some extent. If it gets belted by shorters/tax loss selling then I could have a look again- all else being equal.
It looks to be well managed- not the worst- I like the sector.
IMHO DYOR
Under The Radar, page-197
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $619.5M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.5¢ | $460.5K | 1.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 320328 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 86150 | 6 |
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| Last trade - 13.08pm 30/07/2024 (20 minute delay) ? |
| MAH (ASX) Chart |