Arrium has been carrying $2B of debt for a while now and the sp has still risen 50% during that time so not sure if a rerun of this news holds any weight for long term holders. The write down of assets so close to a release of half year results is probably a juggling of numbers I'm sure they could have waited to release them at the same time. Probably didn't want it taking any sting off the possible great results for the half year. ARI had its pullback a week or 2 ago when it went back to around 93 cents. This isn't a sell, we are just around the corner from divs and the half yearly report. It's been a fun ride so far with ARI and I reckon we still have a way to go.
commsec bearish, page-16
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $14.22M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $22.53K | 951.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 332206 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 210000 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ARI (ASX) Chart |