It appears that REG has been oversold IMO with the recent drop in SP .
We await the forth coming government review of financial arrangements for this sector but this appears to be well and truly accounted for .
It is hard to see how REG and EHE can now be nearly level pegging on market when REG has a book value significantly above EHE , has similar PE ratio , has had a 100+% higher Div.yield and appears to be a better quality product IMO.
Yes , REG have indicated that 2018 presents some headwinds regarding profit forecasts given possible outcomes of the review however it has been reflected (and some ?) in the current SP. Overdone in my opinion for this sector.
REG overdone
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Last
$6.80 |
Change
0.360(5.59%) |
Mkt cap ! $1.755B | |||
| Open | High | Low | Value | Volume |
| $6.49 | $6.80 | $6.48 | $1.381M | 206.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 200 | $6.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 569 | 12 |
View Market Depth
| Last trade - 13.39pm 22/11/2024 (20 minute delay) ? |
| REG (ASX) Chart |
