All you say is correct. I believe Revenue and Profits will be down for next 6 to 9 months, or longer This will drive down SP regardless of history shown by charts. Do you believe SP will not go down with falling revenue and profits? Why? Do you believe Revenue and profits will improve by Q3 report? Why?
UBS said Profits for FY 2024 would be about AU $ 42M at that time I said it was extreme but I did think under 100M. Right now I am starting to think that they were much closer than I was.
Technical, page-2455
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Last
$5.95 |
Change
-0.165(2.70%) |
Mkt cap ! $5.617B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.10 | $5.93 | $13.06M | 2.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 25060 | $5.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 25615 | 47 |
View Market Depth
| Last trade - 15.44pm 05/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |