Agree - the best place to be is in high margin market with high barriers to entry. They also have customers with incredibly high daily operating costs so paying big for their capital equipment wouldn't bother them so much - if they are assured of best quality.
Was in manufacturing a long time myself and yep setting up new factories is not always the easiest thing to do - agree on that.
SP - the institutions "over-subscribed" at $8.50 to the recent capital raising - so you'd expect them to have a good idea of future earnings.
SP is currently around 20% below that now at 6.75
and the institutions were probably looking for minimum 10% gain - that makes approx $9.50
that's around 40% higher than 6.75
.... interesting days
lower price, page-2
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
