The risks were flagged clearly at the AGM. They stated "Risks: temporarysales deferralsand currencyswings may mean1H revenue andNPAT less thanpriorcorrespondingperiod".
Given management and the companies track record, I will assume this is a temporary glitch. I suspect the share price will be dragged down further until more clarity is given but could provide a great buying/top up opportunity until then.
Long term holders will know Steven Killelea's reasons for selling down his position for a number of years now. It is not due to the underlying performance of the business.
Ann: Market Update - Continuous Disclosure, page-26
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Last
65.5¢ |
Change
-0.015(2.24%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 69.0¢ | 64.5¢ | $259.0K | 390.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43814 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 3969 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| IRI (ASX) Chart |