no its a large profit miss. Market expecting around $350m profit and dividend of 25c. FY24 guidance also underwhelming. Hence the share price getting whacked.
Get ready for significant downgrades in analysts forecasts!!
Like I said, patience... no need to take a position yet. This stock will now have a high probability of under performing now.
Wait for share price to decline futher!!!
CGF Price at posting:
$6.45 Sentiment: None Disclosure: Not Held
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