That may be the case, but they have just extended the recovery outlook to q4 with the q3 outlook looking poor IMO based on a short term view. You might still get a lower cost entry.
They are cutting costs in an inflation effected market with personnel costs rising. Risk of Chainsaw Dunlap type effects - even if they have been successful in the past.
I shorted on the rally for the day, or whatever - I think it was bought because the CEO said it was an OK result. See what happens.
Ann: Form 8K - 2Q24 Results, page-3
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Last
$15.69 |
Change
0.090(0.58%) |
Mkt cap ! $9.717B | |||
| Open | High | Low | Value | Volume |
| $15.64 | $15.70 | $15.63 | $28.39M | 1.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1811 | $15.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.70 | 24616 | 10 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$15.66 |
Change
0.090 ( 0.07 %) |
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| Open | High | Low | Volume | ||
| $15.65 | $15.70 | $15.63 | 203006 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| AMC (ASX) Chart |