down 13c or 5% gee... looked at the 24hr commodity price it is still up (marginally) .0001 or something Alcoa is up marginally after their result
could it be this (from the announcement) "The strong Australian dollar resulted in end of period balance sheet revaluations that impacted second half AWAC results by negative US$45 million (pre-tax)"
average net earnings is about $300m might bring them down to $255 or -15%
that must be it the high dollar what do you think?
AWC Price at posting:
$2.45 Sentiment: None Disclosure: Held