If 21c does not hold then 18c is very strong support - look back at how this level has played out since late 2008 (barring Apr/May breach, which was quickly overturned). In either case, at 21c the company has an EV/EBITDA of just under 6 (applying conversion rate as at 30-Jun-16 of 1.343285 AUD to USD) and price to book of 0.42, so has strong fundamental support alongside technical view. Note that this calculated ratio may differ slightly from other sources - e.g. Yahoo Finance, which appears to not apply USD conversion to reach its EV/EBITDA figure. The market may be pricing in some expectation of negative future performance, but for all appearances this company is undervalued at current levels.
If 21c does not hold then 18c is very strong support - look back...
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Last
2.0¢ |
Change
-0.003(13.0%) |
Mkt cap ! $29.24M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $15.13K | 757.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1258505 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 77196 | 1 |
View Market Depth
| Last trade - 15.59pm 29/11/2024 (20 minute delay) ? |
| EWC (ASX) Chart |
