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.
Well when the chairman and major shareholder sells 14.875m...
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Last
65.5¢ |
Change
-0.015(2.24%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 69.0¢ | 64.5¢ | $259.0K | 390.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43814 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 3969 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| IRI (ASX) Chart |