i reckon many stop-losses at 8 bucks or just under were triggerred
the down move may be funds or investors profit taking coz its been such a good performer in the past yr, and now youve got the CCL bid question mark??
Fundies need to take a little profit to make some dosh for their clients too
When the market weakens, when theres doom n gloom, this stock as well as CCL n FGL n WOW n JBH n TRS and a cple of healthcare like HSP/RHC and energy AGK are the ONLY stocks that have really kept up in this whole 50% down move from 6800.
People will ALWAYS keep going to the pub, and buying their tooheys new or dry etc among others. Thats a given
thus theres more certainty of earnings in beer and spirits in a recessionary period!
If anything ppl drink more in hard times.
happy to accumulate at this level for sure
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lion nathan limited
what is appendix 3b & 3y, page-6
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