There was an announcement out about profit. Revised profit forecast for the half year is now 90-95 million.
I think the market seems to have misread the announcement. Mr. Market seeems to think somehow SGM will be losing money hand over fist now.
An expected reduction in profit, which is still 90 MILLION on the positive side of zero, is really no reason for a 20% fall in price.
Sheer panic.
analysts know as much as you and i..., page-4
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Last
$12.70 |
Change
-0.110(0.86%) |
Mkt cap ! $2.475B | |||
| Open | High | Low | Value | Volume |
| $12.76 | $12.86 | $12.44 | $337.6K | 26.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 197 | $12.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.71 | 191 | 4 |
View Market Depth
| Last trade - 10.38am 10/10/2024 (20 minute delay) ? |
| SGM (ASX) Chart |