ALL is becoming a long term underperformer.
The casino/gambling business which has been growing for 2 decades is running out of steam. 20 years ago there was gambling in 2 US states. Now there is gambling in about 42 US states. Growth is running out of steam there. And its the same story in Australia - pokies everywhere now.
ALL may bounce from current levels but it is difficult to see how they can ever generate enough profits to sustain a rising share price.
over reaction.., page-5
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Last
$68.90 |
Change
0.710(1.04%) |
Mkt cap ! $36.16B | |||
| Open | High | Low | Value | Volume |
| $68.35 | $69.16 | $68.35 | $34.60M | 503.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 707 | $68.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $68.90 | 424 | 17 |
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| Last trade - 14.41pm 03/12/2024 (20 minute delay) ? |
| ALL (ASX) Chart |
