Seems like a big overreaction. I work in the supply chain space, and sometimes you do have to pay a bit extra for air frieght to meet deadlines when there are delays in the normal freight channels by sea or land. Or, as in this case, an unexpected closure of a supply partner. Great news on the acquisition, which - when the dust settles on Monday - will push the prices back. Its still paying a nice dividend, so I'm happy to continue to increase my stake via the DRP. If it stays at these prices, I might even add extra to my holding.
Also, the teaser of possible acquisitions in North America sounds very promising.
Ann: Acquisition Purchase Consideration Update, page-5
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Last
60.0¢ |
Change
-0.020(3.23%) |
Mkt cap ! $70.05M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 63.5¢ | 60.0¢ | $159.4K | 260.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 257115 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 10000 | 1 |
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| Last trade - 15.59pm 28/08/2024 (20 minute delay) ? |
| LBL (ASX) Chart |