Well when the chairman and major shareholder sells 14.875m shares @ $4 three months ago you need to make the downgrades look like they came out of nowhere and were unexpected don't you.
It's a risk of dropping out of the ASX300 now and has passive (Vanguard) & quant (Dimensional) funds on the register that can turn into sellers due events like downgrades and dropping out of the ASX300.
This company has a great recent history of reliable profitability but a lot to answer for right now. It's profitability by definition, is no longer reliable.
1 warning, 2 big downgrades within 5 weeks, page-2
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Last
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 63.0¢ | 60.0¢ | $605.3K | 988.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27000 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 5927 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| IRI (ASX) Chart |