I agree Ollie. Nothing has changed in the fundamentals, in fact the recent aquisition further cements GEM's dominance in the childcare landscape in Australia. I think that the share was always priced for future growth - on which it will CERTAINLY deliver; however, in 'red September' it teetered a little given that fact. Then the cap raise brought sp down to $4.90 level. Then there has been some awareness around cost of goodwill, and GEM was one of the companies singled out. I think it's just followed from there, but stil think its rock solid in terms of future performance and nothing has changed. I also wonder if there isnt some bigger play behind this all. I think the share is great value at this level if one has a medium to long term outlook.
All my opinion only.
I agree Ollie. Nothing has changed in the fundamentals, in fact...
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Last
$1.33 |
Change
0.000(0.00%) |
Mkt cap ! $1.076B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.32 | $2.986M | 2.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8560 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 13364 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GEM (ASX) Chart |