the writing was on the wall. After DD’s selldown (yes not related to this), the share price couldn’t recover above 11 a fund or funds with a decent holding was drip feeding supply to get out. I had a accumulated a decent holding before DD’s selldown but decided to pull the pin with an acceptable (and pre calculated SL) loss before the div announcement as I thought this guidance would be part of the div announcement. I didn’t expect it to be this bad.
I feel for holders. If I was still in I would try to sell any bounce. This will take 12 months to turn around. When it does I will be back in as the business is sound IMO but it has to be at the right price.
Ann: Q1 FY24 Market Update, page-14
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Last
$10.47 |
Change
0.060(0.58%) |
Mkt cap ! $1.875B | |||
| Open | High | Low | Value | Volume |
| $10.44 | $10.57 | $10.37 | $1.324M | 126.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 847 | $10.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.47 | 332 | 2 |
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| DDR (ASX) Chart |