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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Post GFC I was told by a broker at JP Morgan not to buy ASX Ltd...
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Last
$63.84 |
Change
-0.070(0.11%) |
Mkt cap ! $12.37B |
Open | High | Low | Value | Volume |
$63.88 | $63.92 | $62.85 | $12.79M | 201.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14 | $63.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$63.86 | 2974 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14 | 63.560 |
1 | 13 | 63.540 |
1 | 1109 | 63.520 |
2 | 1123 | 63.480 |
1 | 344 | 63.460 |
Price($) | Vol. | No. |
---|---|---|
63.900 | 512 | 1 |
63.920 | 929 | 1 |
64.000 | 667 | 6 |
64.050 | 300 | 1 |
64.100 | 578 | 1 |
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