I think it's a combination of a couple of factors:
- Cutting EBITDA guidance from $27m to $28m, previously $27m to $30m, and blamed on costs.
- RBA is very likely to lift interest rate tomorrow, consensus 0.5%, so that will f up growth stocks.
- ABB share price has been benefited from the UWL takeover.
- Market is very wobbly today
Still a good long term hold for a. growth and b. the M&A in the telco & infrastructure sector is still going very strong.
Ann: 3Q FY22 Trading Update, page-12
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Last
$2.95 |
Change
0.010(0.34%) |
Mkt cap ! $871.7M | |||
| Open | High | Low | Value | Volume |
| $2.95 | $3.02 | $2.92 | $6.309M | 2.127M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26283 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 2063 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ABB (ASX) Chart |