Well when the chairman and major shareholder sells 14.875m shares @ $4 three months ago you need to make the downgrades look like they came out of nowhere and were unexpected don't you.
It's a risk of dropping out of the ASX300 now and has passive (Vanguard) & quant (Dimensional) funds on the register that can turn into sellers due events like downgrades and dropping out of the ASX300.
This company has a great recent history of reliable profitability but a lot to answer for right now. It's profitability by definition, is no longer reliable.
1 warning, 2 big downgrades within 5 weeks, page-2
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Last
63.0¢ |
Change
0.015(2.44%) |
Mkt cap ! $111.7M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.0¢ | 60.0¢ | $86.72K | 143.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22611 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 11569 | 2 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| IRI (ASX) Chart |