@newbieinvestor
Gents,
I completely agree with your take on the conflict of interest present in regards to the Hartleys report. By no means would I consider their valuation gospel but for the purpose of providing our new friend Investor^Pro with an introduction to company valuation, it is a reasonable starting point. But you two are completey correct (and i should have mentioned it myself) in saying that there is something off about a brokerage house that issues a buy recommendation and then proceeds to slam the stock with the Clarkes shares. To play devils advicate, Hartleys can hardly deny the request to sell shares if a client demands them to. With that in mind their valuation is a tad more credible (big emphasis on 'tad'). If I recall correctly their report issued in June last year had a 12 month sp target of 0.037, one could argue that without the Clarkes slamming this stock at every opportunity it could easily be there by now never mind in 2 months time. All that being said, I dont think you need 50 page report to see the gap in fundamental value and the current SP. I have been accummulating at the 2c mark as I firmly believe that us long term holders will have our day. Cheers Sum (HC wont let me line down anymore for some reason. apologies for the wall of text)
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Last
9.1¢ |
Change
0.007(8.33%) |
Mkt cap ! $231.2M |
Open | High | Low | Value | Volume |
8.2¢ | 9.1¢ | 8.2¢ | $612.4K | 7.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 102049 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.1¢ | 389492 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 102049 | 0.087 |
2 | 43500 | 0.086 |
1 | 76000 | 0.085 |
3 | 294003 | 0.084 |
3 | 145728 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 228503 | 5 |
0.092 | 375067 | 2 |
0.093 | 150000 | 2 |
0.094 | 107681 | 3 |
0.095 | 301870 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
RNU (ASX) Chart |
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