I think this is a breakout blue skys scenario.
Earnings of 12.7 cents
PE=15 is $1.90
PE=20 is $2.54
This should be the trading range.
Currently in an environment of great chinese interest in farm land, higher cattle and beef prices, lower feed prices. Also the drought conditions easing.
I forgot one las thing shorts need to close out 35M shares.
Today 9M traded only....
I think this is a breakout blue skys scenario. Earnings of 12.7...
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 (20min delay)
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Last
$1.37 |
Change
0.020(1.48%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.38 | $1.35 | $265.6K | 194.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19999 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1364 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
