My view is if you are buying on a discount to NTA basis, and the company is operstionally poor , you need that discount to factor that in . With NTA dropimg , my view is simply the discount needs to be about 60c or a SP of around 1.00 . Given today’s price action and weak close I imagine the large shorts will want to take this down further. To do this I imagine the will be trying to close it below 1.08 and crack new year lows. I think it may get there and I will be a buyer in the 95-98 cent range . Not wanting to go there nor will I sit here being negative - just explaining my rationale so people don’t think I am psychotic if I am a buyer again . This price would factor on the drop in NTA and restore the discount
Bullish for AAC, page-44
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Last
$1.37 |
Change
-0.010(0.72%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.35 | $201.7K | 147.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 107823 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 2730 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
