Looking at the chart for ARG it peaked at $8.90 in early February. I suspect as a result of people buying for the rights issue. Since then it has been on a downward run. Will it hang around the $7.60 area or go lower yet?
The other question I have is having a PE of 25 and div yield of 3%, is that exspensive for a stock like ARG? A PE so high implies a growth stock. Looking at it another way who would be buying ARG for a yield of 3%.
Any thoughts would be most welcome.
where to from here for arg
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 (20min delay)
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Last
$9.01 |
Change
0.020(0.22%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $9.00 | $9.09 | $8.96 | $3.822M | 422.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 43902 | $9.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.03 | 6022 | 8 |
View Market Depth
| Last trade - 15.39pm 25/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
