very poor earnings miss vs market expectations, at least a 10% earnings miss.
Market is not happy, this stock is going into the sin bind for several months at least.
Watching on the sidelines, but given the earnings miss there is a high probability of CGF shares dropping further.
No need to take a position yet, especially as FY24 guidance is disappointing as well.
I am staying on the sidelines and waiting for the share price to decline futher
Ann: 2023 Investor Presentation and outlook, page-8
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Last
$6.15 |
Change
-0.090(1.44%) |
Mkt cap ! $4.250B | |||
| Open | High | Low | Value | Volume |
| $6.19 | $6.23 | $6.14 | $33.44M | 5.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 95007 | $6.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.19 | 41344 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| CGF (ASX) Chart |