While on the usual small volume of 8161, SP of SRV has today declined further to A$3.55.
The drop since a high of around A$4.73 on 9 November 2021 hasn't been linear, but overall 'Mr Market' doesn't like the Omicron variant as it creates uncertainty and invites knee-jerk reactions worldwide from feckless politicians (all in Oz except NSW) and often incorrect, catastrophist, unelected health officials.
This is despite very low mortality rates of those who catch the virus.
While SRV has positioned itself as an IT specialist that brings together SMEs through virtual as well as physical means, isolation rules make its portfolio of serviced offices less attractive to visit as peoples' fear takes over.
SRV Price at posting:
$3.55 Sentiment: Hold Disclosure: Held
