Australian (ASX) Stock Market Forum

Best Bargains in today's market?

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nizar

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HDR, OXR, ZFX, and some big boys like BHP have taken significant falls over the last month or so...

BHP interestingly at $26, the same it was when copper was at us$2.17/lb.... and for every cent movement is $20million to their bottom like NPAT for 2006
So Bit of a joke there..

So what does every1 think are the best bargains?

Fundamentals with many of these companies havent changed
obviously they could still get cheaper with next week PPI and CPI figures released in the US... but then maybe market goes back up....
 
Looking around trying to find the best bargian, aint a realativly easy task, with the volitile market movement such as todays, times like these it might be best to concentrate on the commonities & sectors alike.
Most of my investments are sold, switched tides and moving the other way. Haven't had much of a chance to analyse the rest of the market since the reversal.
My best value bet at the moment would be ASX 200. TCL, MYP, CML are looking good against the back drop. But to have a splash at it, i'll put my money on TOL, Toll Holding, it seems to be good value.
It will be interesting.
- I want to know where the best Penny's are?

Stocky.....
 
StockyBailx said:
- I want to know where the best Penny's are?

Stocky.....
Click to expand...

JMS should have gone up considerably after the ann about the Mt Mason drilling. As it stands it has remained steady. JV with Sinosteel is likely in the near future.

AIM is sitting on USD$2.85 billion in Perkoa Zinc, has plenty of cash, and a JV with BHP to mine the Mumbwa project (the drilling of which is underway). It is therefore massively undervalued in respect to the zinc without even taking into consideration the prospects it has at Mumbwa. Price has held up despite the recent bloodbath.
 
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