You seem to be implying that the market has underpriced Ash, especially on the positive macro narrative that you paint. Ash as a low PE, high yield stock, is much in line with it's recent historical ratios for both these measures. Arguably it has a more difficult grow path than the previous five years. I don't see the catalyst for a re-rate on the share price. I'm happily holding for the dividend but no intentions to top up.
What's driving SP direction?, page-46
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $33.83M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 23.5¢ | $16.25K | 69.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83000 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 22852 | 2 |
View Market Depth
| Last trade - 10.44am 10/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
-0.005 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.0¢ | 23.5¢ | 21818 | ||
| Last updated 10.25am 10/05/2024 ? | |||||
| ASH (ASX) Chart |