A few comments:
1: Recent price increase primarily due to Harley Davison releasing record sales for 2002/2003.
They represent about 5% of sales for ION.Therefore the price increase in my opinion is primarily due to sentiment and (2) stock will go ex div in about 6 weeks.
Also I have it on good authority sales to Ford-North America are down about 20% this year.However you should note that previosly ION was supplying about 70%
of Ford, that figure is now 100%.
Therefore I dont think you you be looking for any fantanstic results this year.However next year is looking great for ION in my opinion due to.
1: Improving situation in the US economy
2: ION to supply wheels for new model Falcon due out in about December.
I hold ION.
A few comments:1: Recent price increase primarily due to Harley...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $5.444M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $2.141K | 216.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1030595 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2806886 | 1 |
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| Last trade - 14.56pm 21/06/2024 (20 minute delay) ? |
| ION (ASX) Chart |