Took a decent position today in Helloworld, having a target price of $6 short term.
Reasons for the position include
-Very strong management team with huge stakes in the business
-CEO and directors buying last few months
-Long (12 months) consolidation period
-Absolute right sector to be in, FLT, WEB, CTD all had large runs and on high P/E ratios
-Chinese tourism is booming and will continue to, Helloworld is a big benefactor from this
-Helloworld has a P/E ratio of just 17 with strong profit and EPS forecasted
-Shares broke the trend today on higher than normal volume, will see if it can continue on over the next several weeks.
Expecting a re-rate as we head into earnings season.
$6 target
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 (20min delay)
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Last
$2.05 |
Change
0.060(3.02%) |
Mkt cap ! $302.6M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.05 | $2.00 | $343.9K | 169.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23372 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 25481 | 5 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| HLO (ASX) Chart |
