Just a guess ,but batrenjoey could have been propping it up . Buy at 59.5 , scalp that parcel + some more at 60.5… eventually getting out . Now that support is gone it’s at the mercy of uncertainty and traders abusing the stock.in addition to that if you discount Qld rev by 20% , it’s roughly 200m a year . On a 10% margin that’s 20m NI . On 15 PE thats 300m.we’ve now fallen by close to $280m . one 6 month delay doesn’t cause this . Only something in perpetuity could.
Hidden in plain sight - takeover opportunity, page-79
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $745.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 26.0¢ | $5.779M | 21.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 1537320 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 576680 | 10 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| SGR (ASX) Chart |