I'm not a trader or technical analysis guy but it seems someone sold a lot at the opening. Perhaps small holders decided to take profits fearing something bad in this morning's report. And we don't have the volume of buyers to lift the price. I could be totally wrong.
Whilst it didn't shoot the lights out, I read it at 9am and expected a percent or two in the green. Nothing to see here or to be concerned with. I thought exactly what @fatborgslim said, "what was the market expecting!?".
Maybe someone expected a 50¢ plus dividend. Maybe guidance (which I think LYL doesn't usually provide) was lacking. It could have been the general / weak commentary about a slowing world economy
and demand for lithium and nickel eventually rebounding with time. But for the share price to tank 13% is very strange. I must be overlooking something, surely.
"Given the general outlook and level of committed work, the Company expects to maintain its strongfinancial performance in FY2025 ".
I took this to mean we're looking at a similar result this time next year. I joined the earnings presentation call at 9.30am AWST and didn't hear anything of concern either.
I noticed Madamswer commented on the Breville result earlier. Hopefully s/he will provide some comments here later today and point me in the right direction.
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Last
$11.41 |
Change
-0.210(1.81%) |
Mkt cap ! $453.4M |
Open | High | Low | Value | Volume |
$11.65 | $11.65 | $11.41 | $457.5K | 39.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150 | $11.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.44 | 16828 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 174 | 11.370 |
2 | 262 | 11.360 |
3 | 798 | 11.350 |
3 | 312 | 11.340 |
1 | 174 | 11.330 |
Price($) | Vol. | No. |
---|---|---|
11.440 | 16828 | 1 |
11.470 | 174 | 1 |
11.480 | 174 | 1 |
11.500 | 174 | 1 |
11.510 | 174 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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