Wrt to your general question regarding the stock dive over the last few months, IMO its partly the thematic rotation that fund managers have conducted from high-growth/low-cash-flow companies to those with better looking PEs (to be safer in a rising inflation environment), and hedge fund shorting activity in this stock.
Answering your specific questions would require offering up rumours, putting a probability on their accuracy, and suggesting/analyzing their implications. Can't do that. I'm comfortable waiting.
The current shorts will have to be covered. They have ticked down a bit over the last few days. Good luck.
Valuation for PPK?, page-5
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Last
43.0¢ |
Change
-0.100(18.9%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.0¢ | 43.0¢ | $120.5K | 260.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38137 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PPK (ASX) Chart |