Management credibility is completely shot in this company. This is more than a cyclical downturn story, there some serious structural issues in this company.
Sales per share have been declining for 4 years+ and once of its biggest problems is it keeps raising capital (scrip on issue has almost doubled since 2003).
It may bounce to $15+ from here but its a sell in my view from a long-term investment perspective.
trading halt hmmm, page-35
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Last
$17.65 |
Change
0.060(0.34%) |
Mkt cap ! $26.51B | |||
| Open | High | Low | Value | Volume |
| $17.59 | $18.01 | $17.55 | $104.6M | 5.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10465 | $17.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.66 | 15531 | 2 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |