Munch,
I agree with you and note that the MD, Des Randall is also copping a hammering for his autocratic management style and unnecessarily talking up ALL's prospects.
The result is that ALL is very much in the dog-house and ALL is now cheap.
Once the dust settles ALL will rebound to well over $2/share.
ALL is now trading on a P/E of just 10 and I think that this 'kick in the guts' will ultimately be good for ALL.
I think that ALL will recover to be close to $3/share over the next few months and that makes the ALLIMF a big buy.
vol slowed right down !, page-11
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Last
$49.99 |
Change
0.010(0.02%) |
Mkt cap ! $31.63B | |||
| Open | High | Low | Value | Volume |
| $49.64 | $50.26 | $49.26 | $42.43M | 850.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 495 | $49.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $50.01 | 717 | 11 |
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| Last trade - 14.18pm 26/06/2024 (20 minute delay) ? |
| ALL (ASX) Chart |