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
$51.10 |
Change
0.090(0.18%) |
Mkt cap ! $32.24B | |||
| Open | High | Low | Value | Volume |
| $51.12 | $51.98 | $50.83 | $52.79M | 1.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 226 | $51.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $51.25 | 6704 | 3 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| ALL (ASX) Chart |