I think it was just a natural correction along with the market index. If we have a green day today, which is very likely given the green US market yesterday, much of the drop will be recovered.
On the fundamentals aspect, with the covid getting worse in Australia we can expect softer expectations for the next year earnings in the report, but this can be offset with the significant lower Aud/Usd exchange rate currently. In the company's update in May they used exchange rates of more than 0.77 in their calculations and the current exchange rates of just above 0.73 will have a significant positive impact on their EBIT.
On the dividend front, as long as the company's operations are profitable, which still is, I see no reason for them to change their dividend policy as any CFO knows what that spells for the share price and the long-term sentiment over their reliability as a dividend paying ASX stock.
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