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Looking at all the overwhelming positive comments about Elridge's performance and so on but i wonder why the share price keep falling almost everyday. Anyone care to give some comment?
annualised it latest eps it's already near PE20.. not a cheap valuation.. but if look at the production growth eventually the revenue and profit growth, next QR will drive the price up..
Share price and company performance don’t always move together in the short term one. The business can be doing well, but if there is weak overall market sentiment, sector rotation or general selling pressure, the stock can still kena. Need distinguish between short-term price movement and the actual fundamental trend
I totally get it, the market sentiment, valuation and so on but to me, this may not be the case. My personal POV is that someone out there is trying to surpress the stock price and the current persistent is so strong. Everyday there is selling, small volume just to bring down the price. I don't think is about market sentiment or valuation. Is jeopardising. I could be wrong