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
$8.80 |
Change
0.010(0.11%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $8.85 | $8.85 | $8.75 | $2.880M | 327.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5100 | $8.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.80 | 46096 | 6 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
