This is the only country in the world where an announcement like that would have led to a 45% drop in the share price
The ASX is pretty much uninvestable with the exception of a few stocks which this bone lazy fund management industry just flip between on a daily basis
Biotech does not do well here because it takes too long to yield results....It does not fit in with the '' get rich overnight'' mentality.( only a liar standing next to a hole in the ground claiming to have found El Dorado seems to warrant any attention)
The Funds management industry here is simply a group of day traders and gamblers in ties... there is no investment mentality....and no desire to sit down and actually take the time to digest something...If the announcement doesn't contain words like '' spectacular or ''significant'' they will just sell
The ASX is a graveyard for quality companies...way too unsophisticated
And, unfortunately, the government has legislated that we support these morons by forcing us to invest through super
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$21.27 |
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Mkt cap ! $2.718B |
Open | High | Low | Value | Volume |
$20.84 | $21.56 | $20.76 | $7.760M | 364.5K |
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No. | Vol. | Price($) |
---|---|---|
2 | 1378 | $21.24 |
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Price($) | Vol. | No. |
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$21.29 | 218 | 1 |
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No. | Vol. | Price($) |
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1 | 200 | 21.240 |
1 | 47 | 21.150 |
1 | 500 | 20.860 |
1 | 240 | 20.800 |
1 | 50 | 20.630 |
Price($) | Vol. | No. |
---|---|---|
21.300 | 12763 | 1 |
21.350 | 30 | 1 |
21.380 | 471 | 1 |
21.410 | 25 | 1 |
21.500 | 60 | 1 |
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