Post GFC I was told by a broker at JP Morgan not to buy ASX Ltd because Chi-X was a big threat.
I bought some anyway at $35 and sold a couple of years ago.
I have been watching ASX trade and I wonder what they are really worth now?
Brokers currently range $53.50 (Morgan Stanley) to $64.50 (Macquarie)
At a current price of $54.90, PE is 33.50, it still looks expensive
At a PE of 25-30 the price would be $41-$49
The longterm trend line (since listing) should the price hit the line, is approx. around the $50 mark.
I don't know anything about current management, but their shareholdings seem insubstantial for a $10,600,000,000 company
Are their any major competitive threats facing ASX?
Does anyone have an idea of what ASX is worth?
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Last
$60.00 |
Change
0.520(0.87%) |
Mkt cap ! $11.63B |
Open | High | Low | Value | Volume |
$59.54 | $60.22 | $59.50 | $25.48M | 424.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 600 | $59.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$60.01 | 288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 600 | 59.980 |
1 | 250 | 59.600 |
5 | 110 | 59.500 |
1 | 53 | 59.490 |
1 | 100 | 59.480 |
Price($) | Vol. | No. |
---|---|---|
60.100 | 100 | 1 |
60.250 | 507 | 1 |
60.400 | 100 | 1 |
60.440 | 500 | 1 |
60.600 | 100 | 1 |
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