GCS 3.09% 50.0¢ global construction services limited

raising after results

  1. 5,266 Posts.
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    got caught with a trading parcel after the stock was sold down following results

    headline underlying profit up 24%

    thought it looked OK at 4 times earnings after sell down following no dividend

    I assume some insiders knew about the upcoming raising because that's where the selling was at towards the end of trade

    begs the question, why didn't they announce the 85c raise at the same time as results were released when stock was trading at $1.12?

    dropped from the original 85c to the much cheaper 60c level for Bell Potter clients

    what a bunch of clowns
 
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