In the end the value of a company is based on profit. You can talk about new paradigms, game changers, disrupters and so on, but in the end there must be profit. And a non profitable or low profit company buying loss making companies does not lead easily to profit.
If you can see a path to a profit before tax of over $5 billion within 3 years, then sure hold at this price. It needed a profit of $8 billion to justify its peak price. This requires a result 10 times better than it achieved in its best ever qtr. and about a billion times better than its current yearly result.
In the end the value of a company is based on profit. You can...
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Last
$90.85 |
Change
1.320(1.47%) |
Mkt cap ! $3.865B | |||
| Open | High | Low | Value | Volume |
| $89.23 | $91.34 | $89.23 | $24.07M | 265.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 255 | $90.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $90.85 | 2682 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |