AAX 0.00% 39.5¢ ausenco limited

sellers continue to force price down

  1. DSD
    15,811 Posts.
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    SP continues to fall. CEO statement indicates delay in projects (rather than outright cancellation) and tightening of margins (which is to be expected in this environment). Not a pessimistic speech but lacks any detail re earnings for FY14. Mkt decided the tone was too negative and on huge volume sellers appeared. Hard to know when/where SP will bottom-out.
    Have no idea if short selling has contributed to substantial fall in SP from $4 just 2 months ago. Today's slump was substantial. maybe something was said during question time at AGM.
 
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