Bear in mind Bell Potter floated the stock, so of course they raised the price to keep it a Buy. If the stock got to $2.15 they would raise their price target to $2.50 to keep it a Buy.
I have seen the report, and there in NOTHING that justifies their $2.16 target....I think Bell Potter have $4m EBITDA in FY20...so we should pay $216m for $4m EBITDA...come on.
In my book at $216m valuation they need to be generating $15m-$20m EBITDA....can't see it
Ann: Quarterly Report and Appendix 4C, page-76
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Last
0.4¢ |
Change
-0.002(33.3%) |
Mkt cap ! $6.605M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $2.103K | 475.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 7670493 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 924824 | 4 |
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| Last trade - 14.04pm 29/11/2024 (20 minute delay) ? |
| EXL (ASX) Chart |
