I'm just going to put this thought out.
Information asymmetry.
Sure, the current situation that FMG is in is far from flash. It's sensitive to just about everything and the SP activity has always reflected this.
Furthermore I understand that the present 'hyper-sensitivity' is justified, however to finish down 13% in late afternoon trade with no announcement from the company raises some serious questions about how information is dispersed and how markets digest this information.
If indeed the media reports are true, perhaps a trading halt was warranted?
Information systems have to improve in order for equity to be achieved.
Anyone else have any thoughts on this?
My $0.02.
Peggs
Disclaimer - Statement reflects my opinion only. Is not financial advice.
News: S&P puts FMG on credit watch , page-36
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |