I assume, from the lack of announcement in May or June to date, that earlier forecasts in their March update regarding revenue are on the money. Given that one of the most damaging remarks by GB last year was the one about declining transaction volumes (at the AGM), one could almost make a case for suggesting that transaction volumes have now stabilised OR that profit margins have improved. I could easily be accused of clutching at straws here (!!)but given the changes internally and the cost savings put in place, it is definitely plausible.
Meanwhile, Tax Loss selling would appear to dominate trade right now.
As a foot note, the website seems v outdated. Not a single media cutting has been posted since Sept, and they still have GB as executive chairman!! Not to mention that they still claim the head office is in Sydney and that they are involved in growing an Asian JV.
C'mon boys, lift!!!
CUS Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)