Simply that most stocks, with any upside whatsoever, trade above their book value (speculative value). In HNG's case, all the Directors have to do is set out a clear, concise, and well thought out path to growth and the SP will have a chance, at least, of exceeding that book value. Its a pity the Directors don't seem to understand this, but maybe the penny is in the air?
Its a positive from a potential investor's perspective: if you are looking for an undervalued stock there is a chance to be ahead of the curve. Limited opportunities if its trading in excess of BV. Be better if it were trading below BV (ie, a SP to NTA of less than 1).
Simply that most stocks, with any upside whatsoever, trade above...
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $106.0M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.5¢ | $19.76K | 68.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 18000 | 1 |
View Market Depth
| Last trade - 13.38pm 27/11/2024 (20 minute delay) ? |
| HNG (ASX) Chart |
