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
$61.37 |
Change
0.630(1.04%) |
Mkt cap ! $11.89B |
Open | High | Low | Value | Volume |
$61.07 | $61.45 | $60.90 | $19.69M | 321.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | $61.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$61.39 | 432 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 61.330 |
1 | 200 | 61.300 |
1 | 12 | 61.290 |
1 | 16 | 61.240 |
1 | 2 | 61.220 |
Price($) | Vol. | No. |
---|---|---|
61.450 | 967 | 3 |
61.460 | 68 | 1 |
61.470 | 81 | 1 |
61.480 | 1138 | 1 |
61.500 | 1420 | 4 |
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