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5.71% 18.5¢ ashley services group limited

Has the market over -reacted?HC MC was $74.14 - market has taken...

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  1. MarkHGO
    6,544 Posts.
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    31/10/23
    10:52
    Post #: 70635105
    Has the market over -reacted?

    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
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
18.5¢ 		Change
0.010(5.71%) 		Mkt cap ! $26.63M
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Price($) Vol. No.
18.5¢ 39055 4
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