HC MC was $74.14 - market has taken 14.56% off the MC after this announcement. Now trading just shy of half its MC reached back in Feb. this year.
There's been a regular trickle of shares slowly eroding ASH's MC for months - the volumes appear rather small relative to where ASH's MC was in Feb. - so at this point has ASH been oversold?
The profit & write-offs from this announcement appear quite manageable!?
ASH Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
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