Market don't like it, for two reasons.
1. FY net profit might be as low as $75m. That means even at $1.50 they're trading at PE ~13. With costs not looking to change in the next 12-18 months
2. Uncertainty around management
I can potentially see this going lower with market uncertainty, where I'll be waiting. Otherwise, I hope holders see a sharp bounce for their sake.
- Forums
- ASX - By Stock
- ABC
- Ann: Leadership Transition and Trading Update
Ann: Leadership Transition and Trading Update, page-6
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)