Its called a re-rating and that is all that has happened. This stock was priced for perfection seeing as it has delivered 20+% earnings growth every year for as long as I remember. It traded on a P/E of 20x and rightly so, but now with EPS of 40c it is on a P/E of 14. This is a fair P/E for this stock after the announcement and after management has disappointed the market like this. I wouldnt expect this one to bounce. There are a lot of small cap fund managers out there who will be itching to cut their losses. I think it represents fair value. Nice to see the MD sold over 100,000 shares at the end of September, thanks for the heads up...
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Last
$15.24 |
Change
-0.210(1.36%) |
Mkt cap ! $1.037B |
Open | High | Low | Value | Volume |
$15.18 | $15.30 | $15.00 | $2.706M | 178.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $15.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.25 | 294 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 15.200 |
2 | 2266 | 15.010 |
2 | 712 | 15.000 |
1 | 66 | 14.990 |
1 | 670 | 14.970 |
Price($) | Vol. | No. |
---|---|---|
15.330 | 2000 | 1 |
15.550 | 1000 | 1 |
15.600 | 690 | 1 |
15.680 | 84 | 1 |
15.700 | 800 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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