I chose not to respond to the other thread, as target price of $18 on this one is ludicrous and perpetuating that thread is either baseless ramping or a notion of perpetuating bad research.
Broad consensus has this one trading at a major premium to fair value and the trouble in Venezuela adds major risk to the current growth agenda. I agree with my broker and other research and say fair value is $12-$13.
There's no rational or fundamental reason for the lift in the share price in recent weeks. However, amidst more sketchy news for their business and general market pullback will have to force this one down to more rational levels.
I note that there is a correlation between a decline in short sales and a jump in share price over the last week, which could be a factor.
As always, DYOR.
I chose not to respond to the other thread, as target price of...
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Last
$16.21 |
Change
-0.150(0.92%) |
Mkt cap ! $9.951B | |||
| Open | High | Low | Value | Volume |
| $16.07 | $16.22 | $16.01 | $55.36M | 3.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2283 | $16.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.21 | 18116 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| AMC (ASX) Chart |
