My read of this is that GMG did indeed meet expectation. However, the market has a habit of selling down on news and moving upwards in expectation of the news.
Look at the massive SP run up for the last year - the SP has increased as the market gained more confidence in the forecast and actual performance. A small drop (2% at the time of writing) is not a big deal and probably just indicates that many big investment houses are enjoying a few profits today.
Ann: Goodman 30 June 2021 Full Year Results, page-5
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Last
$35.33 |
Change
-0.105(0.30%) |
Mkt cap ! $66.94B | |||
| Open | High | Low | Value | Volume |
| $35.42 | $35.48 | $35.21 | $15.47M | 437.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 726 | $35.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.33 | 135 | 3 |
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| Last trade - 12.56pm 08/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |