Why is it a churner's stock?
Because we have major growth oriented instos getting out en masse like rats from a sinking ship. The share register is now in transition in terms of composition.
Trading volume will go down as more shares are taken and locked up by a new base comprising of longer term value oriented investors. At this time, with the demise of FGE and many others struggling, there needs to be a period of consolidation before the perception of risk is removed or superceded by other headline news.
We need to wait until mining services is no longer the whipping boy sector. We have seen this before with retail and media. It will pass, and prices will stabilise accordingly.
was there a warning for nwh shareholders?, page-13
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Last
$3.53 |
Change
0.080(2.32%) |
Mkt cap ! $1.606B | |||
| Open | High | Low | Value | Volume |
| $3.47 | $3.53 | $3.44 | $5.008M | 1.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1603 | $3.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.54 | 15537 | 6 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| NWH (ASX) Chart |