Now Victoria which will run into its second week of mandated shut down, Adelaide now moving into covid light shut down, and no way Sydney will move out of lock down for at least two weeks (so Sydney will be 6 weeks lock down). Sydney has done well over the last year, but this will prove their undoing (over confidence bias that they can control the virus). Whilst for Victoria its become nearly an SOP as to how to manage business during lockdown (5 times already).
Have patience on entering new positions in GEM, August financials only a few weeks away and they will probably give commentary as to how July lockdowns have negatively impacted their businesses.
Globally, markets are trending down against re-opening trades.
Have patience and stay on target.
Ann: CY20 Full Year Results Investor Presentation, page-34
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Last
$1.31 |
Change
0.025(1.95%) |
Mkt cap ! $1.060B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.32 | $1.27 | $620.2K | 477.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 7819 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 32225 | 13 |
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| Last trade - 10.53am 18/09/2024 (20 minute delay) ? |
| GEM (ASX) Chart |