Last reporting, management talked about headwinds and before that, challenges. So far, results do not show improvement. While revenue increased by 7%, costs blew up by 9%. The trading outlook does not show promise and lower occupancy is blamed on bushfires and the corona virus. Excuses excuses. You need positive action from management and, if they have not thought about their plans now, I cannot see how the SP will not continue to go down until they update shareholders in May. Personally, I will not dive in at this time.
SP is low now but is it the bottom? Unless results show profitability, It might just be a good idea to stay away. But I can be wrong, just my personal viewpoint.
GEM Price Movement, page-11
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GEM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.36 |
Change
0.015(1.12%) |
Mkt cap ! $1.094B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.38 | $1.34 | $2.412M | 1.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8590 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 19212 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| GEM (ASX) Chart |