Mate, the FY25 outlook is enough to send the shivers down anyone's spine who might be holding a decent position. For a company of this MC to come across as not knowing how it might track in the near to medium term is not to be taken lightly. One big entity reduces exposure and retail c a p i t u l a t e. Nothing new.
the crookedness in all of this is the ASX itself. There should be a reverse speeding ticket and the company asked to explain why it thinks the SP has tanked. It would be an opportunity for them to clarify anything they can to restore some confidence.
The issue for APX now in my opinion is that now even if fundamentals turn around price action like this will make investors double edgy about getting in big next time which will likely dampen any climb back. Good luck with your trading / investment plan. Cheers
APX Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
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