I would not be too concerned about the immediate market reaction if you are an LT holder. If you are a trader or ST holder then I can understand the market reaction. Many would have bought on overly optimistic views about results. As soon as a loss pops up and there is a drop in revenue I would imagine that this was enough to have them get out at any profit they had. There are no catalysts in sight to drive the price any higher so those in it for the short term will consider getting out as well. Its a medium term slow improvement stock based on todays figures but I am quite optimistic that it will reward LT holders and probably much sooner if the Covid 19 situation is resolved.
I would not be too concerned about the immediate market reaction...
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Last
$1.33 |
Change
-0.010(0.75%) |
Mkt cap ! $663.8M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.30 | $352.9K | 267.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 41999 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 9520 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$1.33 |
Change
-0.010 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| $1.33 | $1.34 | $1.30 | 31565 | ||
| Last updated 15.57pm 15/05/2024 ? | |||||
| SLC (ASX) Chart |