Everyone is saying its oversold, but they did say limited growth for 22FY.
Headwinds associated with COVID-19 and labour market expected to continue for the next 12 to 18 months resulting in a softening outlook for FY22
So a stock that doesnt grow over 12 to 18 months isnt something exactly good IMO. Plus if anything else happens with the currency, COVID, etc well yeah further downgrades.
So to say the sell off is overdone IMO is just gambling cause I think instos know a bit better than retailers, but yeah what do I know.
Im in for a bounce trade and bounce trade only. Maybe 69 to 75-80 cents max, but do believe we will see lower prices over the next year.
Ann: Perenti operational update, page-34
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Last
$1.17 |
Change
-0.010(0.85%) |
Mkt cap ! $1.099B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.18 | $1.16 | $1.760M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17896 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 19995 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PRN (ASX) Chart |