Guys just have a look at the CLV report yesterday. Its a disaster.
Operating revenue down 21.7%. Net profit down 45.8%. Inventory 31.5M. Divi 0.5c/share fully franked
But the SP went up yesterday and today.
This company is also dependent on IF because they supply DHA Omega 3 to baby fomula.
Their main reason is also about the decline of Chinese students and tourist but A2 got MBS and lots of cash 774.6M and no debt and making profits 120M this half year.
Why the SP is up on CLV????????
If the Insto wants to play with the SP they can do it.
One positive announcement i.e. share buyback or a dividend this will shoots up.
You be the judge and ignore all the noise!!!
Chart Update, page-17395
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Last
$6.85 |
Change
-0.030(0.44%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $10.27M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18844 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 41602 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |