The key from the 'updated broker reports upon the release of the financials and management future guidance' is that in each case the price target has decreased.
Its not the price target that matters, its the movement in the price target, up or down to reflect new forecast earnings. In this case down.
Results were a miss, and thus expect price weakness to continue, especially after MMS goes ex-dividend in a couple of weeks.
That's why there was so much selling pressure, the market is front running, and getting out of dodge town, all trying to do the same.
For myself I am being patient before looking at an entry point to take a first position.
Let the selling pressure subside.
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- Ann: FY24 Results Investor Presentation
Ann: FY24 Results Investor Presentation, page-83
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Last
$15.21 |
Change
0.190(1.26%) |
Mkt cap ! $1.059B |
Open | High | Low | Value | Volume |
$14.95 | $15.32 | $14.94 | $3.011M | 198.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 350 | $15.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.21 | 3648 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 350 | 15.200 |
1 | 57 | 15.170 |
1 | 777 | 15.130 |
2 | 811 | 15.110 |
3 | 1299 | 15.100 |
Price($) | Vol. | No. |
---|---|---|
15.210 | 3648 | 2 |
15.230 | 1387 | 2 |
15.250 | 1401 | 2 |
15.260 | 3547 | 4 |
15.270 | 1673 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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