They already told the market about the negative effects of the collapse of FTI Group, Paris Olympics, European Football Championship on 29 August 2024. Check the ASX announcement from that day. That day, the stock fell 5%-6% from $8.26 to $7.78. It rallied back up to about $8.35 over the next 2 weeks.
The announcement today is just repeating that same stuff and then adding that the effects are slightly worse than they said back on August 29 2024. No new extra bad news was announced today. Plus they also added that Bookings and TTV are up significantly vs 1H24, so some good news there as well. They also added that customer financial incentive agreements (overrides) which further impacted margins are under review - meaning that they might get rid of them or reduce them in order to improve margins in the future. But the result so far today is that the share price is down 34%! Irrational or what?!
WEB Price at posting:
$4.65 Sentiment: Buy Disclosure: Held
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