Was advised company was in good shape prior to cap raise -- any revision of earnings was likely to be to the upside, yet we are hit with yet another downgrade. The Covid outbreak in China is about 50 people so anyone buying the news that they need to halve their earnings in anticipation is being mislead.
They wanted the cash. This downgrade was coming irrespective of this latest Covid outbreak. Opportunistic -- i'll look to exit my position when theres some news/
Ann: Market Update, page-50
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Mkt cap ! $15.60M | |||
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| PET (ASX) Chart |
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